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The Employees at the East Vancouver Office of a Multinational

question 101

Multiple Choice

The employees at the East Vancouver office of a multinational company are demanding higher salaries than those offered at the company office located in Oshawa Ontario. Their justification for the pay difference is that the difference between the average price of single-family houses in East Vancouver and that in Oshawa is more than $60,000. Before making a decision, the company management wants to study the difference in the prices of single-family houses for sale at the two locations. The results of their search of recent house sales are as follows (in $000, rounded to the nearest thousand) :
Assuming that the population distributions are approximately normal, can we conclude at the 0.05 significance level that the difference between the two population means is greater than $60,000?
What is the decision at the 5% level of significance?

Definitions:

Neuroscience

The scientific study of the nervous system, including its structure, function, development, genetics, biochemistry, physiology, pharmacology, and pathology.

Cognition

All aspects of thinking, knowing, and understanding reflecting mental activities such as attention, memory, problem-solving, and language comprehension.

Inattentional Blindness

The psychological phenomenon where an individual fails to perceive an unexpected stimulus in plain sight, purely as a result of lack of attention rather than any vision defects or deficits.

Sequential Processing

The cognitive process of understanding and managing information in a specific, ordered sequence, critical for tasks such as problem-solving and learning.