A Temp Agency Feels That One of Its Recruiters Has

question 42

Multiple Choice

A temp agency feels that one of its recruiters has unorthodox methods and claims that the wages the recruiter secures for its temps differs from the agency's average wage of $12 per hour.The agency takes a random sample of 49 recent contracts the recruiter secured and finds an average wage of $11.25 per hour and a standard deviation of $2.25 per hour.Does the evidence support the agency's claim at the 5% significance level?

• A)Yes,since the p-value is greater than α,the claim is supported.
• B)No,since the p-value is not greater than α,the claim is not supported.
• C)Yes,since the value of the test statistic is less than the critical value,the claim is supported.
• D)No,since the value of the test statistic is greater than the critical value,the claim is not supporteD.

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Definitions:

Depreciable Asset

An asset subject to depreciation, which allows for the allocation of its cost over its useful life, reflecting wear and tear, or obsolescence.

Asset Benefits

The economic benefits that accrue to the owner of an asset over its useful life, including cash flows and tax advantages.

Expensed

Costs or charges incurred during a specific period that are recorded immediately against revenues, reducing profit.

Depreciable Amount

The cost of a tangible or intangible asset, less its salvage value, over which the cost is systematically allocated over its useful life.