If the Union's Resistance Point Is 3% and Their Target

question 38

Multiple Choice

If the union's resistance point is 3% and their target is 5%, while the employer's resistance point is 2.5% with a target of 0:

• A) There is no contract zone.
• B) There is a large contract zone.
• C) The contract zone is likely to change.
• D) There is a small contract zone.

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Definitions:

Critical Value

A point on the scale of the test statistic beyond which the null hypothesis is rejected.

Null Hypothesis

A default hypothesis that there is no significant difference or relationship between specified populations, any observed effect is due to sampling or experimental error.

Type I Error

The statistical error that occurs when a true null hypothesis is incorrectly rejected.

Correct Decision

A conclusion or judgement that is accurate, based on the evaluation of evidence or data.