A Union Composed of Several Thousand Employees Is Preparing to Vote

question 31

Essay

A union composed of several thousand employees is preparing to vote on a new contract. A random sample of 500 employees yielded 320 who planned to vote yes. It is believed that the new contract will receive more than 60% yes votes. Can we infer at the 5% significance level that the new contract will receive more than 60% yes votes?
Test statistic = ______________
p-value = ______________
Conclusion: ______________
Interpretation: __________________________________________

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Definitions:

Southern Europe

A region of Europe that includes countries such as Italy, Spain, Greece, and Portugal, known for its distinct culture and history.

Eastern Europe

A region that lies primarily to the east of Europe and consists of countries that vary widely in cultural, economic, and historical contexts.

Freedom of Contract

The legal principle that allows individuals to enter into and enforce contracts freely, without undue interference, reflecting a core aspect of market economies and personal autonomy.

Samuel Gompers

A British-born American labor union leader who founded the American Federation of Labor and played a key role in advocating for workers’ rights in the late 19th and early 20th centuries.