Maxwell Cantor, VP of Human Resources of Asimov Aerospace Industries $\alpha$

question 56

Multiple Choice

Maxwell Cantor, VP of human resources of Asimov Aerospace Industries Inc., is reviewing the technical certifications of employees in different divisions of the company. His goal is having 90% of technical employees with up-to-date certifications. The north-east division typically has maintained higher rates of up-to-date certifications than the southern division. He selects a random sample of 250 employees from the north-east division and 300 from the southern division and finds out that the number of employees with up-to-date certifications are 230 in the north-east division and 265 in the southern division. Assuming $\alpha$ = 0.01, the appropriate decision is ___.

• A) do not reject the null hypothesis \(\mu\)₁ - \(\mu\)₂ = 0
• B) do not reject the null hypothesis π₁ - π₂ = 0
• C) reject the null hypothesis \(\mu\)₁ - \(\mu\)₂ = 0
• D) reject the null hypothesis π₁ - π₂ = 0
• E) do not reject the null hypothesis π₁ - π₂ ≥ 0

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Definitions:

Interest-Rate Cost-Of-Funds

The cost to borrowers or the rate paid to savers and investors based on the interest rates in the financial markets or the rate of return required on investment funds.

Marginal Cost Curve

A graphical representation depicting the cost added by producing one more unit of a particular good, often upward sloping due to increasing costs.

Total Product Curve

A graphical representation that shows the total quantity of output a firm produces, given a fixed amount of inputs, as the amount of one input varies.

Marginal Revenue Curve

A graphical representation showing the change in total revenue that results from selling one additional unit of a product or service.