SCENARIO 12-1 a Corporation Randomly Selects 150 Salespeople and Finds

question 156

Multiple Choice

SCENARIO 12-1 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 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 Scenario 12-1, what is the critical value when testing whether the population proportions are different if = 0.10?

• A) 1.645
• B) 1.96
• C)3.842
• D)2.706

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Definitions:

Primary Value Chain

The sequence of activities an organization undertakes to develop, produce, and sell its products or services, generating value for customers.

Production Function

An economic model expressing the relationship between inputs (like labor, capital) used in production and the output of those production processes.

Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Product Innovation

The development of new or significantly improved goods or services to meet consumer needs or market demands.