Instruction 19-1
the Director of Transportation of a Large Company

question 32

True/False

Instruction 19-1
The director of transportation of a large company is interested in the usage of her van pool. She considers her routes to be divided into local and non-local. She is particularly interested in learning if there is a difference in the proportion of males and females who use the local routes. She takes a sample of a day's riders and finds the following:
$$\begin{array} { | l | c | c | l | } \hline & \text { Male } & \text { Female } & \text { Total } \\\hline \text { Local } & 27 & 44 & 71 \\\hline \text { Non-Local } & 33 & 25 & 5 \\\hline \text { Total } & 60 & 69 & 129 \\\hline\end{array}$$ She will use this information to perform a chi-square hypothesis test using a level of significance of 0.05.
-Referring to Instruction 19-1,the director now wants to know if the proportion of users who are male and the proportion of users who use the local routes are the same.She should reject the null hypothesis using a 5% level of significance.

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Definitions:

Two-transaction Theory

A concept in accounting that proposes a business transaction affects two or more accounts in the ledger, which is fundamental to the double-entry bookkeeping system.

Exchange Gains

Profits earned from the favorable movement of currency exchange rates that impact the value of foreign currency transactions.

Net Income

is the total profit or loss of a company after all revenues, expenses, taxes, and dividends are accounted for, over a specific period.

Forward Exchange Contract

A financial agreement to exchange a specific amount of one currency for another at a predetermined future date and rate, used to hedge against currency risk.