Instruction 10-9 A Corporation Randomly Selects 150 Salespeople and Finds That 66

question 33

Multiple Choice

Instruction 10-9
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 10-9,what is the estimated standard error of the difference between the two sample proportions?

• A)0.500
• B)0.629
• C)0.055
• D)0

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Definitions:

Net Income

The final financial gain of a business once taxes and all expenses are subtracted from the overall income.

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Retained Earnings

The portion of a company's profits kept in the business after dividends are paid, used for investment or debt repayment.

Financing Activities

Activities reported in the statement of cash flows that illustrate changes in the size and composition of the equity and borrowings of a company.