Two Hundred Fifty Managers with Degrees in Business Administration Indicated

question 40

Essay

Two hundred fifty managers with degrees in business administration indicated their fields of concentration as shown below. ​
At α = .01 using the p-value approach, test to determine if the position in management is independent of the major of concentration.

---

Definitions:

Express Warranty

A seller's promise or guarantee that a product will meet a specified level of quality and reliability.

Implied Warranty

An implied warranty is an unstated guarantee that a product will meet a minimum level of quality and functionality, as per the law or industry standards.

Substitute Goods

Products or services that can serve as replacements for each other; demand for one increases when the price of the other rises.

Sales Agreement

A contract between a buyer and a seller specifying the terms and conditions of the sale of goods or services.