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

question 58

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 value of the test statistic to use in evaluating the alternative hypothesis that there is a difference in the two population proportions?

• A)4.335
• B)1.96
• C)1.093
• D)0

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Definitions:

Gross Profit Percentage

A financial metric that measures the proportion of money left over from revenues after accounting for the cost of goods sold, expressed as a percentage.

Sales Territories

Designated geographical areas or customer groups assigned to a salesperson or team for servicing and selling a company's products or services.

Market Coverage

The extent to which a company reaches its potential market through distribution channels, marketing activities, and geographic presence.

Sales Quota

A specific sales performance target set for a salesperson or team to achieve within a given timeframe.