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Elwin Osbourne, CIO at GFS, Inc

question 51

Multiple Choice

Elwin Osbourne, CIO at GFS, Inc., suspects that at least 25% of email messages sent by GFS employees are not business related.A random sample of 300 email messages was selected to test this hypothesis at the 0.01 level of significance.Sixty of the messages were not business related.The appropriate decision is ___.


Definitions:

Job Turnover

The rate at which employees leave a workforce and are replaced by new employees.

Nominal Wage

The amount of money received by a worker per unit of time (hour, day, etc.); money wage.

Real Wage

The amount of goods and services a worker can purchase with his or her nominal wage; the purchasing power of the nominal wage.

Agency Shops

A workplace agreement where employees, whether or not they are union members, must pay union fees for the bargaining services the union provides.

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