SCENARIO 12-1
a Corporation Randomly Selects 150 Salespeople and Finds $\pi$

question 72

Multiple Choice

SCENARIO 12-1
A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self- improvement course would like such a course.The firm did a similar study 10 years ago in which
60% of a random sample of 160 salespeople wanted a self-improvement course.The groups are assumed to be independent random samples.Let $\pi$ 1 and $\pi$ 2 represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study,
respectively.
-Referring to Scenario 12-1, what is the value of the test statistic to use in evaluating the alternative hypothesis that there is a difference in the two population proportions using $\alpha$ =0.10?

• A)4.335
• B)2.706
• C)1.194
• D)0.274

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Definitions:

Recent Invoices

The latest billing statements or documents issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices.

Full Disclosure Principle

The accounting principle that requires companies to fully disclose on their financial reports changes in accounting procedures and methods along with effects of the change as well as justification for change.

Inventory Valuation Method

The approach used to assess and report the value of a company's inventory, including methods such as FIFO (First In, First Out), LIFO (Last In, First Out), and average cost.

Financial Reports

Documents that provide an overview of a business's financial condition, including balance sheets, income statements, and cash flow statements.