Make Conclusions About the Hypotheses

question 15

Multiple Choice

Make conclusions about the hypotheses.
-A large software development firm recently relocated its facilities. Top management is
Interested in fostering good relations with their new local community and has encouraged
Their professional employees to engage in local service activities. They believe that the
Firm's professionals volunteer an average of more than 15 hours per month. If this is not
The case, they will institute an incentive program to increase community involvement. A
Random sample of 24 professionals yields a mean of 16.6 hours and a standard deviation
Of 2.22 hours. The P-value associated with the resulting test statistic is 0.0009. At α = 0.05, which of the following is the correct conclusion?

• A) We reject the null hypothesis.
• B) We fail to reject the null hypothesis.
• C) The firm shouldn't need to institute an incentive program because the evidence indicates that professional employees volunteer an average of more than 15 hours per
• Month in their local community.
• D) Both A and C
• E) Both B and C

---

Definitions:

Sales Growth

Sales growth is the increase in sales over a specific period, indicating the health and expansion rate of a business, typically expressed as a percentage.

Fixed Assets

Long-term tangible assets used in a company's operations, such as machinery, buildings, and equipment, that are not expected to be converted into cash within a year.

Fixed Assets

Assets of a long-term nature used in the operation of a business, such as land, buildings, machinery, and equipment, which are not expected to be converted to cash within a year.

Financial Position

A snapshot of the resources, obligations, and net worth of an entity at a specific point in time, showing its financial health and stability.