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Instruction 10-12
A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self-improvement course would like such a course. The firm did a similar study 10 years ago in which 60% of a random sample of 160 salespeople wanted a self-improvement course. The groups are assumed to be independent random samples. Let π1 and π2 represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study, respectively.
-Referring to Instruction 10-12,construct a 95% confidence interval estimate of the difference in proportion of workers who would like to attend a self-improvement course in the recent study and the past study.
Straight-Line Method
A method of calculating depreciation of an asset, which assumes the asset will lose an equal amount of value each year over its useful life.
Residual Value
The estimated value that an asset will have at the end of its useful life, also known as salvage value.
Gain Or Loss
The difference between the selling price and the purchase price of an asset, resulting in a financial profit or loss.
Disposal Of Equipment
The process of selling, scrapping, or eliminating machinery or equipment that is no longer needed.
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