Married Women Are More Often Than Not Working Outside the Home

question 62

Multiple Choice

Married women are more often than not working outside the home on at least a part-time basis, as do most mannered men. Does a husband's employment status affect his wife's well being? In an attempt to answer this question, 20 married female professionals were surveyed as to their job satisfaction. In this sample, 15 husbands were employed, and 5 were unemployed. The Learning Objective of the study was to compare the mean job satisfaction levels of the married women with working husbands, with the mean job satisfaction levels of the married women with husbands that stayed at home. If the p-value obtained from the computer printout is 0.025, does this give sufficient evidence to conclude that the mean level of job satisfaction for women with working husbands is more than that of those whose husbands don't work?

• A) Yes, at alpha = 0.05.
• B) Yes, at alpha = 0.01.
• C) No, at alpha = 0.10.
• D) No, at alpha = 0.04.
• E) Insufficient information to make a decision.

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Definitions:

Elastic Demand

A market situation where the demand for a product is significantly influenced by changes in its price.

Elastic Demand

A situation in which the demand for a product or service significantly changes in response to changes in price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price point.

Percentage Increase

A measure of how much a quantity has grown compared to its original number, expressed as a percentage.