The Table Below Is a Tabulation of Opinions of Employees $\text { Degree of Satisfaction }$

question 15

Multiple Choice

The table below is a tabulation of opinions of employees of Axolotl Corporation, who were sampled at random from pay records and asked to complete an anonymous job satisfaction survey.                     $\text { Degree of Satisfaction }$
$\begin{array} { |c | c | c | c | c | } \hline{ \text { Pay Type } } & \text { Satisfied } & { \text { Neutral } } & \text { Dissatisfied } & \text { Row Total } \\\hline \text { Salaried } & 40 & 10 & 10 & 60 \\\hline\text { Hourly } & 80 & 50 & 50 & 180 \\\hline \text { Col Total } & 120 & 60 & 60 & 240\\\hline\end{array}$ For a chi-square test of independence, the critical value for ? = .01 is:

• A)9.210.
• B)4.605.
• C)11.34.
• D)16.81.

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Definitions:

Master Budget

A comprehensive financial plan that consolidates various detailed budgets within a company for a specific period.

Production Budget

A financial plan that estimates the number of units that must be produced within a specific time period to meet expected sales demand and inventory levels.

Sales Budget

A sales budget is an estimated amount of revenue that a company expects to earn from sales over a specific period.

Master Budget

A master budget is a comprehensive financial planning document that consolidates all of the individual budgets of a company's departments into one single plan for a specific period.