SCENARIO 12-1 a Corporation Randomly Selects 150 Salespeople and Finds $66 \%$

question 96

Short Answer

SCENARIO 12-1 A corporation randomly selects 150 salespeople and finds that $66 \%$ who have never taken a selfimprovement course would like such a course. The firm did a similar study 10 years ago in which $60 \%$ of a random sample of 160 salespeople wanted a self-improvement course. The groups are assumed to be independent random samples. Let $\pi _ { 1 }$ and $\pi _ { 2 }$ represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study, respectively.
-Referring to Scenario 12-1, what is the critical value when testing whether the population proportions are different if α = 0.10? a) $\pm 1.645$
b) $\pm 1.96$
c) $3.842$
d) $2.706$

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Definitions:

Fixed Assets

Fixed Assets, also known as non-current assets, are long-term tangible assets held for business use and not expected to be converted into cash in the upcoming year, such as buildings, machinery, and vehicles.

Sales Increase

The rise in the volume or amount of sales or services sold by a company within a particular period.

Capacity

Capacity refers to the maximum level of output that a company can sustain to produce in a given period under normal conditions.

FFS Method

The Fee-For-Service method is a payment model where services are unbundled and paid for separately, often used in healthcare.