Instruction 15-5 A Corporation Randomly Selects 150 Salespeople and Finds That 66

question 103

Multiple Choice

Instruction 15-5
A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self-improvement course would like such a course.The firm did a similar study 10 years ago in which 60% of a random sample of 160 salespeople wanted a self-improvement 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 self-improvement course in the recent study and the past study,respectively.
-Referring to Instruction 15-5,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:

Non-Controlling Interest

The portion of equity in a subsidiary not owned by the parent company, reflecting minority shareholders' stake in the entity's net assets.

Equity Method

An accounting technique used to record investments in other companies, where the investment's value is adjusted based on the investor's share of the investee's profit or loss.

Acquisition Differential

The difference between the cost of acquiring a company and the sum of the fair market values of the identifiable assets acquired minus liabilities assumed.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's net income or loss.