TABLE 12-14 The Director of Transportation of a Large Company Is Interested

question 58

True/False

TABLE 12-14
The director of transportation of a large company is interested in the usage of the company's van pool program. She surveyed 129 of her employees on the usage of the program before and after a campaign to convince her employees to use the service and obtained the following:

She will use this information to perform test using a level of significance of 0.05.
-Referring to Table 12-14, the director now wants to know if the proportion of employees who use the service before the campaign and the proportion of employees who use the service after the campaign are the same. She should reject the null hypothesis using a 5% level of significance.

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Definitions:

Monopoly

A market structure characterized by a single seller, selling a unique product in the market without any close substitutes.

Potential Entry

The possibility or threat of new competitors entering a market, which can influence the behavior and strategies of existing firms.

Economic Inefficiency

Economic Inefficiency occurs when resources are not allocated optimally, leading to waste or missed opportunities in the production or distribution of goods and services.

Oligopoly

A market structure characterized by a small number of firms which dominate the market, leading to limited competition.