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

question 35

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,what is the critical value when performing a chi-square test on whether population proportions are different if α = 0.05?

• A) ± 1.645
• B) ± 1.96
• C) 2.706
• D) 3.842

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Definitions:

Market Value

The prevailing rate at which an asset or service can be purchased or sold in a market setting.

Total Assets

The sum of all current and long-term assets owned by a company, which can include cash, inventory, property, and other tangible and intangible items.

Merged Firm

A new entity formed through the combination or acquisition of two or more companies, which may result in various financial and operational synergies.

Common Stock

Common stock represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits through dividends.