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An Accounting Firm Has Been Hired by a Large Computer

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An accounting firm has been hired by a large computer company to determine whether the proportion of accounts receivables with errors in one division (Division 1)exceeds that of the second division (Division 2).The managers believe that such a difference may exist because of the lax standards employed by the first division.To conduct the test,the accounting firm has selected random samples of accounts from each division with the following results.
An accounting firm has been hired by a large computer company to determine whether the proportion of accounts receivables with errors in one division (Division 1)exceeds that of the second division (Division 2).The managers believe that such a difference may exist because of the lax standards employed by the first division.To conduct the test,the accounting firm has selected random samples of accounts from each division with the following results.    Based on this information and using a significance level equal to 0.05,the critical value from the standard normal table is z = 1.645. Based on this information and using a significance level equal to 0.05,the critical value from the standard normal table is z = 1.645.


Definitions:

Personal Traits

Characteristics or qualities that define an individual's personality, behaviors, and attitudes.

Credit-Related Information

Information pertaining to an individual's or entity's credit history, including credit scores, payment history, and other data used to assess creditworthiness.

Equal Credit Opportunity Act

A U.S. law that prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or because a person receives public assistance.

Consumer Credit

A type of personal loan or credit extended to consumers for the purchase of goods and services, repayable in installments or at a later date.

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