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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 is the p-value of the test statistic using a 5% level of significance?
Perfectly Positively Correlated
A statistical term describing two variables that move in the same direction with a correlation coefficient of +1, indicating a perfect positive linear relationship.
Cycle Inventory
Inventory that a company holds to meet its normal sales operations, varying over the course of an operating cycle or period.
Forecasted Demand
An estimate of the quantity of a product or service that consumers will purchase in the foreseeable future.
Periodic Review
An evaluation process conducted at regular intervals to assess performance, inventory levels, or other critical factors in operations and management.
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