The Employees at the East Vancouver Office of a Multinational

question 78

Multiple Choice

The employees at the East Vancouver office of a multinational company are demanding higher salaries than those offered at the company office located in Oshawa Ontario. Their justification for the pay difference is that the difference between the average price of single-family houses in East Vancouver and that in Oshawa is more than $60,000. Before making a decision, the company management wants to study the difference in the prices of single-family houses for sale at the two locations.
The results of their search of recent house sales are as follows (in $000, rounded to the nearest thousand) : Assuming that the population distributions are approximately normal, can we conclude at the 0.05 significance level that the difference between the two population means is greater than $60,000? What is the degree of freedom?

• A) 4
• B) 5
• C) 15
• D) 10
• E) 9

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Definitions:

Fair Market Value

The price at which a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts and not under any compulsion, would likely agree to transact.

Deontological Ethical Theories

Ethical theories that place emphasis on adherence to duties and rules as the basis of moral actions.

Actions

Legal proceedings taken in a court or the steps taken in the execution of a legal right.

Decisions

Conclusions or resolutions reached after consideration, often referring to the outcomes of deliberations in legal, personal, or organizational contexts.