In 2010,the Proportion of Employees at a Large Company Who

question 31

Multiple Choice

In 2010,the proportion of employees at a large company who commuted to work by car was 8%.A current survey investigates whether the proportion of employees who commute by car to work is higher than it was in 2010.What are the null and alternative hypotheses?

---

Definitions:

Output Effect

The impact on total production when a firm adjusts its output level in response to a change in price.

Interest Rates

The cost of borrowing money or the return on investment for savings and loans, influencing economic activity by affecting consumer spending and business investments.

Demand For Capital

refers to the desire for investment in physical goods, technology, or equipment that can be used to produce other goods or services.

Derived Demand

The demand for a good or service that arises from the demand for another good or service, such as the demand for steel being derived from the demand for cars.