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

question 159

Multiple Choice

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. What should be her conclusion?

• A) There is sufficient evidence that the proportion of employees who use the service before the campaign is the same as the proportion of employees who use the service after the campaign.
• B) There is insufficient evidence that the proportion of employees who use the service before the campaign is the same as the proportion of employees who use the service after the campaign.
• C) There is sufficient evidence that the proportion of employees who use the service before the campaign is not the same as the proportion of employees who use the service after the campaign.
• D) There is insufficient evidence that the proportion of employees who use the service before the campaign is not the same as the proportion of employees who use the service after the campaign.

Calculate and differentiate between accounting profits and economic profits.

Understand the concept of the marginal product of labor and how it relates to the production function.

Comprehend diminishing marginal product and its implications for production.

Apply the concept of opportunity costs to specific business scenarios to determine economic profits.

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Definitions:

Early-reader Stories

These are books or narratives designed specifically for children who are just beginning to learn how to read, featuring simple language and often accompanied by illustrations to aid comprehension.

Whole-language Approach

An educational method that emphasizes learning reading and writing through natural communications, integrating spelling, grammar, and phonics as part of the overall learning process.

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The disciplined art of ensuring that you use the best thinking you are capable of in any set of circumstances.

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The extent to which information is true and devoid of errors, reflecting real events or statistics accurately.