The Executives of CareFree Insurance,Inc

question 72

Multiple Choice

The executives of CareFree Insurance,Inc.feel that "a majority of our employees perceive a participatory management style at CareFree." A random sample of 200 CareFree employees is selected to test this hypothesis at the 0.05 level of significance. Eighty employees rate the management as participatory. The appropriate decision is __________.

• A) fail to reject the null hypothesis
• B) reject the null hypothesis
• C) reduce the sample size
• D) increase the sample size
• E) do nothing

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Definitions:

Income Tax

A tax levied by governments on individuals or entities' income, varying widely in mechanism and application across different jurisdictions.

Property Tax

A tax assessed on real estate by the local government, based on the property's value.

Motor Scooter

A two-wheeled vehicle with a step-through frame and a platform for the operator's feet, powered by a small engine.

Travel

The movement of people between distant geographical locations, which can be done by foot, bicycle, automobile, train, boat, bus, airplane, or other means.