Economists at USF Are Researching the Problem of Absenteeism at U.S

question 4

Short Answer

Economists at USF are researching the problem of absenteeism at U.S. firms. A random sample of 100 U.S. organizations was selected to participate in a 1-year study. As part of the study, the economists had collected data on the following two variables for each company: shiftwork available (Yes or No), and union-management relationship (Good or Poor). As part of their analyses, the economists wanted to determine whether or not a company makes shiftwork available depends on the relationship between union and management. The collected data are shown below: $\quad$ $\quad$ $\quad$ $\quad$$\quad$ $\quad$$\text {Relation}$
$\begin{array} { l c c c } \text { Shiftwork } & \text { Good } & \text { Bad } & \text { Total } \\ \text { No } & 11 & 22 & 33 \\ \text { Yes } & 25 & 42 & 67 \\ \text { Total } & 36 & 64 & 100 \end{array}$
In order to determine whether the shiftwork responses depend on the relationship responses, a two-way chi-square analysis should be conducted. Calculate the value of the test statistic for the desired analysis.
A) $\chi ^ { 2 } = 0.15$
B) $x ^ { 2 } = 0.70$
C) $x ^ { 2 } = 11.88$
D) $\chi ^ { 2 } = 0.07$

• A) \(\chi ^ { 2 } = 0.15\)
• B) \(x ^ { 2 } = 0.70\)
• C) \(x ^ { 2 } = 11.88\)
• D) \(\chi ^ { 2 } = 0.07\)

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Definitions:

Monopolistic Competition

A market structure where many companies sell products or services that are similar, but not identical, allowing for significant control over pricing.

Pure Monopoly

A market structure where a single supplier provides a unique product or service with no close substitutes, controlling the entire market.

Oligopoly

A market structure characterized by a small number of firms controlling a large majority of the market share, often leading to limited competition.

Monopolistic Competitive

A market structure characterized by many firms selling products that are substitutes but differentiated from one another, leading to non-price competition.