At $\alpha$ = 010,test the Hypothesis That the Proportion of Consumer (CON)industry Companies

question 24

Essay

At $\alpha$
= 0.10,test the hypothesis that the proportion of Consumer (CON)industry companies winter quarter profit growth is more than 2% greater than the proportion of Banking (BKG)companies winter quarter profit growth,given that $\hat { p } _ { C O N }$
= 0.20, $\hat { p } _ { B K G }$
= 0.14,n_CON = 300,n_BKG = 400.

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Definitions:

Return on Assets

A financial metric that measures the profitability of a company relative to its total assets, indicating how effectively a company uses its assets to generate profit.

Research Findings

Outcomes or conclusions derived from systematic investigation into a study area to establish facts or reach new conclusions.

GAAP Conservatism

An accounting principle that entails erring on the side of caution, providing for potential losses or liabilities.

R&D

Research and Development; activities undertaken by a business to innovate and introduce new products or services.