TABLE 12-1 A Corporation Randomly Selects 150 Salespeople and Finds That 66

question 86

Multiple Choice

TABLE 12-1
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 12-1, what is the critical value when testing whether the population proportions are different if α = 0.10?

• A) ±1.645
• B) ±1.96
• C) 3.842
• D) 2.706

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Definitions:

Indirect Method

A way to report net cash flow from operating activities in the statement of cash flows by starting with net income and adjusting for non-cash transactions.

Crown Property

Assets owned by the monarch or government of a realm, particularly in commonwealth countries, often including lands, buildings, and heritage assets.

Statement Of Financial Position

A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time, providing a snapshot of its financial condition.

Fair Market Value

The price that an asset would sell for on the open market, under current market conditions, between willing and knowledgeable parties.