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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 should be her conclusion?
Productive Resource
Assets, materials, or inputs used in the production of goods and services, including labor, capital, and natural resources.
Factor Demand
The demand for production inputs (such as labor, land, and capital) by firms, determined by their need to produce goods and services.
Wage Rate
indicates the amount of money paid per unit of time worked, typically per hour or year, influencing labor costs and economic decisions.
Total Product
The total output of goods or services produced by a firm or economy, typically measured over a specific period.
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