Suppose as Part of a National Study of Economic Competitiveness

question 51

Multiple Choice

Suppose as part of a national study of economic competitiveness a marketing research firm randomly sampled 200 adults between the ages of 27 and 35 living in metropolitan Seattle and 180 adults between the ages of 27 and 35 living in metropolitan Minneapolis. Each adult selected in the sample was asked, among other things, whether they had a college degree. From the Seattle sample 66 adults answered yes and from the Minneapolis sample 63 adults answered yes when asked if they had a college degree. Based on the sample data, can we conclude that there is a difference between the population proportions of adults between the ages of 27 and 35 in the two cities with college degrees? Use a level of significance of 0.10 to conduct the appropriate hypothesis test.

• A) Since the test statistic, 1.8214, is greater than the critical value of 1.645, reject the null hypothesis and conclude that there is a higher proportion of Seattle adults that have a college degree
• B) Since the test statistic, 2.0112, is greater than the critical value of 1.645, reject the null hypothesis and conclude that there is a higher proportion of Seattle adults that have a college degree.
• C) Since the test statistic, 0.7001, is not greater than the critical value of 1.645, do not reject the null hypothesis and conclude that there is not a higher proportion of Seattle adults that have a college degree.
• D) Since the test statistic, 0.8921, is not greater than the critical value of 1.645, do not reject the null hypothesis and conclude that there is not a higher proportion of Seattle adults that have a college degree.

Comprehend the principles behind corporate constituency statutes and their implications for board duties and corporate profits.

Understand the concept and implications of raiders in corporate governance.

Recognize the importance of director rights, such as the right to inspect corporate books and records.

Grasp the various methods of voting and their impact on shareholder representation and control.

---

Definitions:

Money Supply

The total sum of all financial assets in an economy at any given moment, which includes cash, coins, and the balances in checking and savings accounts.

Deposits

Funds placed into an account at a banking institution for safekeeping.

Money Market Mutual Funds

Investment funds that pool money from investors to purchase low-risk, short-term securities like Treasury bills and commercial paper.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits and money market securities.