I a Committee Studying Employer-Employee Relations Proposed That Each Employee

question 51

Multiple Choice

i. A committee studying employer-employee relations proposed that each employee would rate his or her immediate supervisor and in turn the supervisor would rate each employee. To find reactions regarding the proposal, 120 office personnel and 160 plant personnel were selected at random. Seventy-eight of the office personnel and 90 of the plant personnel were in favour of the proposal. Computed z= 1.48. At the 0.05 level, it was concluded that there is sufficient evidence to support the belief that the proportion of office personnel in favour of the proposal is greater than that of the plant personnel. ii. We use the pooled estimate of the proportion in testing the difference between two population proportions.
iii. The pooled estimate of the proportion is found by dividing the total number of samples by the total number of successes.

• A) (i), (ii), and (iii) are all false statements.
• B) (ii) is a correct statement but not (i) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i) is a correct statement but not (ii) and (iii).

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Definitions:

Forward Market

A platform for trading financial agreements that are negotiated presently but fulfilled in the future.

Collection Float

The time gap between when a check is deposited and when funds are made available in the account, affecting the company's cash flow.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a basket of goods approach to find the relative values of the currencies.

Exchange Rates

The value of one currency expressed in terms of another currency, affecting international trade and investments.