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

question 95

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, if the firm wanted to test whether a greater proportion of workers would currently like to attend a self-improvement course than in the past, which represents the relevant hypotheses?

• A) H₀: π₁ - π₂ = 0 versus H₁: π₁ - π₂ ≠ 0
• B) H₀: π₁ - π₂ ≠ 0 versus H₁: π₁ - π₂ = 0
• C) H₀: π₁ - π₂ ≤ 0 versus H₁: π₁ - π₂ > 0
• D) H₀: π₁ - π₂ ≥ 0 versus H₁: π₁ - π₂ < 0

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Definitions:

Equity Modes

Different methods a company can use to enter and operate in foreign markets, typically involving significant ownership and long-term commitment, such as joint ventures or subsidiaries.

Large Investment

Substantial financial commitment in assets or projects expecting future returns.

Equity Modes

Various methods or approaches for a company to raise capital through the sale of shares in the business to investors.

Joint Ventures

Business arrangements where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or business activity.