Instruction 10-1
Are Chinese Managers More Motivated Than Australian Managers

question 164

Multiple Choice

Instruction 10-1
Are Chinese managers more motivated than Australian managers? A randomly selected group of each were administered the Sarnoff Survey of Attitudes Toward Life (SSATL) , which measures motivation for upward mobility. The SSATL scores are summarised below.
$$\begin{array} { | l | l | l | } \hline & \text { Australian } & \text { Chinese } \\\hline \text { Sample Size } & 211 & 100 \\\hline \text { Mean SSATL Score } & 65.75 & 79.83 \\\hline \text { Population Std. Dev. } & 11.07 & 6.41 \\\hline\end{array}$$
-Referring to Instruction 10-1,suppose that the test statistic is Z = 2.45.Find the p-value if we assume that the alternative hypothesis was a two-tailed test (H₁: ?_A - ?_J ? 0) .

• A) 0.0142
• B) 0.4929
• C) 0.9858
• D) 0.0071

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Definitions:

Price of Labor

The wage rate or compensation paid to employees for their work or services, determined by supply and demand in the labor market.

Isocost Line

A line that represents all combinations of inputs which cost the same total amount.

Capital

Resources, such as equipment, buildings, and machinery, used in production to create goods and services.

Labor

The human effort, both physical and mental, that is used in the production process to create goods and services.