Instruction 15-1 A Large Organization Randomly Selects 150 Employees and Finds That

question 105

Multiple Choice

Instruction 15-1
A large organization randomly selects 150 employees and finds that 66% who have never taken a professional-development course would like such a course. The firm did a similar study 10 years ago in which 60% of a random sample of 160 employees wanted a professional-development 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 professional-development course in the recent study and the past study, respectively.
-Referring to Instruction 15-1,if the firm wanted to test whether this proportion has changed from the previous study,which represents the relevant hypotheses?

• A) H₀: π₁ − π₂ ≤ 0 versus H₁: π₁ − π₂ > 0
• B) H₀: π₁ − π₂ = 0 versus H₁: π₁ − π₂ ≠ 0
• C) H₀: π₁ − π₂ ≠ 0 versus H₁: π₁ − π₂ = 0
• D) H₀: π₁ − π₂ ≥ 0 versus H₁: π₁ − π₂ < 0

Understand the steps and key components of the innovation process.

Recognize the importance of organizational culture and how it influences innovation and organizational behavior.

Identify the role of creativity and risk tolerance in fostering an innovative organization.

Understand the concepts of exploration and exploitation in organizational strategy and innovation.

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Definitions:

Unbilled Consulting Revenue

Unbilled consulting revenue refers to earnings from consulting services that have been delivered but not yet invoiced to the client.

Depreciation

The process of methodically dividing the expense of a physical asset over its estimated useful life.

Prepaid Services

Expenses paid in advance for services which will be received in the future.

Unearned Fees

Income received by a company for services yet to be provided or completed; recognized as a liability until the service is performed.