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(A) State the appropriate null and alternative hypotheses in this situation.
(B) Test this CEO's belief at the =.05 significance level and report the p-value. Do you find statistical support for his hypothesis that the proportion of women in similar sales positions across the country is less than 40%?
(C) Suppose the sample size above is 100, instead of 50, and the sample proportion is again 0.36. Would this change your results? Explain your answer.
Oil Imports
The purchase of foreign oil by a country to meet its energy needs not covered by domestic production.
Dumping
The practice of selling a product in a foreign market at a price below its cost of production or below the price in the home market, often to gain market share or dispose of surplus.
International Market
A broad term encompassing all commercial transactions that occur between countries, including trade, investment, and currency exchange.
Agricultural Subsidies
Financial assistance granted by the government to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities.
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