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An Australian firm has been accused of engaging in prejudicial hiring practices against women who have young children, where a young child is defined to be a child less than 12 years of age. According to the most recent census, the percentages of men, women without young children and women with young children in a certain community are 72%, 10% and 18%, respectively. A random sample of 200 employees of the firm revealed that 165 were men, 14 were women without young children and 21 were women with young children. Do the data provide sufficient evidence to conclude at the 1% level of significance that the firm has been engaged in prejudicial hiring practices?
Discount Period
A set time frame during which a discount is offered on payments made for goods or services.
Accounts Receivable
Due payments from customers to a firm for products or services that have been delivered but not settled.
Sales Discounts
Reductions in the selling price offered to customers, often as an incentive to either pay early or promote sales volume.
Freight
The charge paid for the transport of goods by sea, air, or land, typically from the supplier to the receiver, influencing the cost of goods sold and inventory valuations.
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