SCENARIO 10-10
a Corporation Randomly Selects 150 Salespeople and Finds $\pi$

question 197

Multiple Choice

SCENARIO 10-10
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 10-10,what is the estimated standard error of the difference between the two sample proportions?

• A)0.629
• B)0.500
• C)0.055
• D)0

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Definitions:

Lifetime Employment

Lifetime employment is a concept where an employee works for a single employer for the majority of their career, often found in some cultures.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be enforceable, such as contracts for the sale of real estate or agreements not to be performed within a year.

Sale of Goods

The sale of goods refers to the transaction between a seller and a buyer where specific goods are transferred from the seller to the buyer for a price.

Statute of Frauds

A legal principle that requires certain contracts to be in writing and signed by the parties involved, to be enforceable.