The Executives of CareFree Insurance Inc

question 66

Multiple Choice

The executives of CareFree Insurance Inc. feel that "a majority of our employees perceive a participatory management style at CareFree." A random sample of 200 CareFree employees is selected to test this hypothesis at the 0.05 level of significance. Eighty employees rate the management as participatory. The null hypothesis is ___.

• A) n = 30
• B) n = 200
• C) π = 0.50
• D) π < 0.50
• E) n > 200

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Definitions:

Managed-care Organizations

Health care entities that integrate the financing and delivery of medical services to subscribers, aiming to reduce unnecessary health care costs.

Containing Costs

involves measures or strategies employed to control, reduce, or keep expenses within certain limits or budgets.

Health Care Expenditures

The total amount of money spent on health care services, products, and medication by individuals, private entities, and governments.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period.