TABLE 12-6 According to an Article in Marketing News, Fewer Checks Are

question 172

True/False

TABLE 12-6
According to an article in Marketing News, fewer checks are being written at the grocery store checkout than in the past. To determine whether there is a difference in the proportion of shoppers who pay by check among three consecutive years at a 0.05 level of significance, the results of a survey of 500 shoppers in three consecutive years are obtained and presented below.

-Referring to Table 12-6, there is sufficient evidence to conclude that the proportions between year 2 and year 3 are different at a 0.05 level of significance.

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Definitions:

Job Evaluator

A specialist who assesses the responsibilities, duties, and qualifications of a job to determine its position within an organization's pay structure.

Relevant Labor Market

The geographical area and job sector from which an employer can reasonably recruit employees or the area from which an employer actually recruits.

Benchmark Jobs

Positions that are used as a standard or reference to compare the level of job content, job worth, and pay across different jobs within an organization or industry.

Market Rate

The average or standard cost for goods or services in a specific market, often used as a benchmark for setting prices or wages.