A Company Believes That It Controls More Than 30% of the Total

question 6

Multiple Choice

A company believes that it controls more than 30% of the total market share for one of its products.To prove this belief,a random sample of 144 purchases of this product is contacted.It is found that 50 of the 144 purchased this company's brand of the product.If a researcher wants to conduct a statistical test for this problem,the observed z value would be _______.

• A) 0.05
• B) 0.103
• C) 0.35
• D) 1.24
• E) 1.67

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Definitions:

Compensable Factor

Elements or aspects of a job that are used to determine its value and thereby influence the compensation provided for that job.

Working Conditions

The environment in which an employee works, including aspects such as safety, hours, physical conditions, and any equipment used.

Health Hazards

Conditions in the workplace that can cause injury, illness, or death, ranging from chemical exposure to physical, ergonomic, and psychological hazards.

Factor Weights

The values assigned to various factors in a decision-making or evaluation process, reflecting their relative importance.