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A mid-sized company has decided to implement an enterprise resource planning (ERP) system, and management suspects that many of its employees are concerned about the planned implementation. Managers are considering holding informational workshops to help decrease anxiety levels among employees. To determine whether such an approach would be effective, they randomly select 16 employees to participate in a pilot workshop.
These employees were given a questionnaire to measure anxiety levels about ERP before and after participating in the workshop. Do the data indicate that anxiety levels about ERP decreases as a result of the workshop? Determine whether two samples are independent or paired.
-Are the assumptions and conditions for carrying out the paired t-test satisfied?
Explain.
Slope Of Budget Line
The slope of a budget line represents the rate at which a consumer can trade one good for another while maintaining the same level of total expenditure.
Negative Price
A situation where the seller pays the buyer to take a good or service, typically seen in unusual market conditions or to address surplus issues.
Positive Price
A situation in which the price of a good or service is above zero, indicating value and demand in a market.
Budget Line
A depicted representation of all conceivable combinations of two commodities buyable with a certain amount of money at steady prices.
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