TABLE 10-10 A Corporation Randomly Selects 150 Salespeople and Finds That 66

question 171

Multiple Choice

TABLE 10-10
A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self-improvement course would like such a course. The firm did a similar study 10 years ago in which 60% of a random sample of 160 salespeople wanted a self-improvement course. The groups are assumed to be independent random samples. Let π₁ and π₂ represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study, respectively.
-Referring to Table 10-10, what is the estimated standard error of the difference between the two sample proportions?

• A) 0.629
• B) 0.500
• C) 0.055
• D) 0

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Definitions:

Remittances

amounts of money sent by migrants to their home country, often serving as a significant source of family and national income in many countries.

Investment Capital

Funds invested in a project, company, or any asset with the expectation of generating a future return.

Export Promotion Policies

Government initiatives aimed at encouraging firms to export more of their goods and services, enhancing a country's trade balance.

Comparative Advantage

The ability of an entity to produce a good at a lower opportunity cost than another entity, promoting trade benefits.