Increasing Numbers of Businesses Are Offering Child-Care Benefits for Their $85 \%$

question 46

Essay

Increasing numbers of businesses are offering child-care benefits for their workers. However, one union claims that more than $85 \%$ of firms in the manufacturing sector still do not offer any child-care benefits. A random sample of 420 manufacturing firms is selected and asked if they offer child-care benefits. Suppose the $p$ -value for this test was reported to be $p = .1066$ . State the conclusion of interest to the union. Use $\alpha = .10$ .

Identify the conditions under which a breach of warranty occurs.

Comprehend the rules for construction when express and implied warranties are consistent.

Recognize the Magnuson-Moss Warranty Act requirements for full warranties.

Understand how to effectively disclaim oral and written warranties.

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Definitions:

Direct Expense

Costs that can be directly traced to a specific product, service, or department, and is a key factor in the cost of goods sold.

Indirect Expense

Costs that are not directly attributable to a specific cost object, such as a product or service.

Insurance

A contractual arrangement that provides financial protection or reimbursement against losses from an insurance company.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and generating profit.