Increasing Numbers of Businesses Are Offering Child-Care Benefits for Their $\alpha = .05$

question 24

Essay

Increasing numbers of businesses are offering child-care benefits for their workers.
However, one union claims that more than 85% of firms in the manufacturing sector still do not offer any child-care benefits. A random sample of 350 manufacturing firms is selected, and only 34 of them offer child-care benefits. Specify the rejection region that the union will use when testing at $\alpha = .05$

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Definitions:

Book Value Per Share

A metric calculated by dividing a company's equity available to common shareholders by the number of outstanding shares.

Purchasing Inventory

Purchasing inventory involves the acquisition of raw materials, work-in-progress, or finished goods to ensure that production can meet demand without unnecessary delay or stockouts.

Retailer

A business entity that sells goods directly to consumers, typically purchasing products from wholesalers or manufacturers.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.