TABLE 10-9 The Following Excel Output Contains the Results of a Test

question 116

Multiple Choice

TABLE 10-9
The following Excel output contains the results of a test to determine whether the proportions of satisfied customers at two resorts are the same or different.

-Referring to Table 10-9, if you want to test the claim that "Resort 1 (Group 1) has a lower proportion of satisfied customers compared to Resort 2 (Group 2) ," you will use

• A) a t test for the difference between two proportions.
• B) a Z test for the difference between two proportions.
• C) an F test for the difference between two proportions.
• D) an F test for the ratio of two variances.

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Definitions:

Payroll

The total amount of wages, salaries, and other earnings that a business pays to its employees.

Liquidity Ratios

Financial ratios used to measure a firm’s ability to meet its short-term obligations to creditors as they come due.

Short-term Obligations

Financial liabilities that are due within one year, typically including accounts payable, short-term loans, and other debts.

Creditors

Individuals or institutions that lend money or extend credit to others and are owed repayment in the future.