Determine Whether the Sample Sizes Are Large Enough to Conclude $$n 1 = 48 , n 2 = 55 , \hat { p } _ { 1 } = .4 , \hat { p } _ { 2 } = .7$$

question 13

Essay

Determine whether the sample sizes are large enough to conclude that the sampling distributions are approximately normal. $$n 1 = 48 , n 2 = 55 , \hat { p } _ { 1 } = .4 , \hat { p } _ { 2 } = .7$$

Understand the impact of election outcomes and how they influence the negotiation process.

Recognize the importance of personal and social influences on employee decisions regarding union support.

Differentiate between legal and illegal employer and union campaigning tactics.

Analyze the strategies used by unions to organize workers and the effectiveness of these tactics.

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Definitions:

Mixed Cost

A cost that contains both variable and fixed cost elements, changing in response to changes in production or sales volumes.

Billing Expense

Costs incurred during the billing process, including materials, postage, and labor costs related to preparing and sending out invoices to customers.

Contribution Format

A layout of the income statement that distinguishes between fixed and variable expenses to emphasize the contribution margin.

High-low Method

A technique in accounting used to estimate variable and fixed cost components of a cost by analyzing the highest and lowest activity levels.