Data Were Collected on Annual Personal Time (In Hours) Taken

question 18

Multiple Choice

Data were collected on annual personal time (in hours) taken by a random sample of 16 women (group1) and 7 men (group 2) employed by a medium sized company. The women
Took an average of 24.75 hours of personal time per year with a standard deviation of 2.84
Hours. The men took an average of 21.89 hours of personal time per year with a standard
Deviation of 3.29 hours. The Human Resources Department believes that women tend to
Take more personal time than men because they tend to be the primary child care givers in
The family. The correct null and alternative hypotheses to test this belief are

• A) H0: µ1 - µ2 = 0 and HA: µ1 - µ2 < 0.
• B) H0: µ1 - µ2 = 0 and HA: µ1 - µ2 ≠ 0.
• C) H0: µ1 - µ2 = 0 and HA: µ1 - µ2 > 0.
• D) H0: µ1 - µ2 > 0 and HA: µ1 - µ2 < 0.
• E) None of the above.

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Definitions:

Market Interest Rate

The prevailing rate of interest available in the marketplace on investments, savings, or loans.

Bond Prices

Bond prices refer to the market value of a bond, which can fluctuate based on interest rates, the creditworthiness of the issuer, and other market factors.

Developing Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.

Stock Exchanges

Marketplaces where stocks (shares of ownership in businesses) are bought and sold by investors.