Would It Be Appropriate to Use Large Sample Hypothesis Testing

question 21

Essay

Would it be appropriate to use large sample hypothesis testing procedures for the following dataset? Why or why not?
A random sample of 45 people was asked to indicate if they would return a lost wallet. Of the 45 sampled, 39 indicated that they would return the wallet.

Evaluate the impact of constraints on product profitability and production decisions.

Determine the most profitable allocation of limited resources among competing products.

Recognize the importance of sunk costs and how they affect decision-making.

Understand the relevance of fixed and variable costs in product discontinuation decisions.

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Definitions:

Political Networks

Structures of relationships between individuals, groups, or organizations involving power, influence, and decision-making processes in political contexts.

Informal Small Talk

Casual and informal conversation about non-work related topics used to build relationships in a professional setting.

Maintain Contacts

The practice of keeping in touch with professional and personal connections to foster relationships and opportunities.

Internal Visibility

The extent to which an individual's or group's work and performance are recognized within an organization.