TABLE 12-7
Data on the percentage of 200 hotels in each of the three large cities across the world on whether minibar charges are correctly posted at checkout are given below.
At the 0.05 level of significance, you want to know if there is evidence of a difference in the proportion of hotels that correctly post minibar charges among the three cities.
-Referring to Table 12-7, the critical value of the test is ________.
Definitions:
Decentralized Company
A decentralized company allows for decision-making authority to be distributed among various levels within the organization rather than being concentrated at the top.
Decision Making
Choosing among alternative actions; a component inherent in the other management processes of planning, directing, controlling, and improving.
Negotiated Price Approach
An approach to transfer pricing that allows managers of decentralized units to agree (negotiate) among themselves as to the transfer price.
Transfer Price
The price at which goods and services are sold between divisions within the same company.
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