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SCENARIO 12-18
The director of transportation of a large company is interested in the usage of the company's van pool program.She surveyed 129 of her employees on the usage of the program before and after a campaign to convince her employees to use the service and obtained the following:
She will use this information to perform test using a level of significance of 0.05.
-Referring to Scenario 12-18,the director now wants to know if the proportion of employees who use the service before the campaign and the proportion of employees who use the service after the campaign are the same.What is the p-value of the test statistic using a 5% level of significance?
Behavioural Economic Theory
An approach combining psychological insights with economic theory to predict and understand human decision-making.
Ideal Goals
Objectives or aims that represent a perfect or most desirable outcome, often used as benchmarks for success or aspiration.
Frugal Heuristics
Cognitive shortcuts or rules of thumb that simplify decision making.
Effective Decision Making
The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions to achieve a goal.
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