TABLE 10-10 A Corporation Randomly Selects 150 Salespeople and Finds That 66

question 171

Multiple Choice

TABLE 10-10
A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self-improvement course would like such a course. The firm did a similar study 10 years ago in which 60% of a random sample of 160 salespeople wanted a self-improvement course. The groups are assumed to be independent random samples. Let π₁ and π₂ represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study, respectively.
-Referring to Table 10-10, what is the estimated standard error of the difference between the two sample proportions?

• A) 0.629
• B) 0.500
• C) 0.055
• D) 0

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Definitions:

Business Strength

The distinct advantages or capabilities a company has that give it a competitive edge in the market.

BCG Matrix

A strategic analysis tool that helps organizations prioritize their business units or products by categorizing them into four types based on market growth and market share: Stars, Cash Cows, Question Marks, and Dogs.

Cash Flow

Cash flow refers to the net amount of cash and cash-equivalents being transferred into and out of a business.