Perform the Indicated Sign Test $$\alpha = 0.05$$

question 15

Essay

Perform the indicated sign test. Be sure to do the following: Identify the claim mathematically and state the null and
alternative hypotheses. Determine the critical value and find the test statistic. Decide whether to reject or fail to reject
the null hypothesis and interpret the decision in the context of the original claim.
-A company claims that the median monthly earnings of its farm workers is greater than $919. To test the claim,
100 workers are randomly selected and asked to provide their monthly earnings. The data is shown below. Test
the companyʹs claim. Use $$\alpha = 0.05$$ $$\begin{array} { l | r } \text { Weekly Earnings } & \text { Number of Workers } \\\hline \text { Less than } \$ 919 & 44 \\\$ 919 & 5 \\\text { More than } \$ 919 & 51\end{array}$$

Understand the attributes of effective goals and the importance of goal alignment in organizational performance.

Identify and describe major planning tools and techniques used by managers.

Compare and contrast strategic and tactical plans.

Explain how participation and involvement contribute to effective management planning.

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Definitions:

Trading Partners

Companies or entities that engage in commerce with each other, involving the exchange of goods, services, or information.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, committed to regional integration.

Asia-Pacific Region

The Asia-Pacific Region is a geographical area near the western Pacific Ocean, including countries in East Asia, Southeast Asia, and Oceania, known for its diverse cultures, economies, and strategic importance.

US Relations

The diplomatic, economic, social, and military interactions between the United States and other countries or international organizations.