A Fast Food Company Uses Two Management-Training Methods $\begin{array}{lcc} & \text { Mean } & \text { Standard Deviation } \\\text { Method 1 } & 69 & 3.4 \\\text { Method 2 } & 72 & 3.8\end{array}$

question 25

Short Answer

A fast food company uses two management-training methods.Method 1 is a traditional method of training and Method 2 is a new and innovative method.The company has just hired 31 new management trainees.15 of the trainees are randomly selected and assigned to the first method,and the remaining 16 trainees are assigned to the second training method.After three months of training,the management trainees took a standardized test.The test was designed to evaluate their performance and learning from training.The sample mean score and sample standard deviation of the two methods are given below.The management wants to determine if the company should implement the new training method.
$\begin{array}{lcc} & \text { Mean } & \text { Standard Deviation } \\\text { Method 1 } & 69 & 3.4 \\\text { Method 2 } & 72 & 3.8\end{array}$
What is the absolute value of the rejection point (critical value of the test statistic)at α = .01?

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Definitions:

National Wealth

The total value of a nation's assets and resources, often used as a measure of the country's economic health.

Organizational Goals

The strategic objectives that an organization aims to achieve, which guide its operations and are critical for its success.

Human Resource Management

The strategic approach to the effective management of an organization's workers, focusing on policies and systems designed to maximize employee performance.

Social Organizations

Groups structured by a set of social norms, institutions, or structures aimed at meeting the needs of individuals in a society.