A Manufacturer Claims That Less Than 1% of All His

question 136

Multiple Choice

A manufacturer claims that less than 1% of all his products do not meet the minimum government standards. A survey of 500 products revealed ten did not meet the standard. If the z-statistic is -2.58 and the level of significance is 0.02, what is your decision?

• A) You reject the null hypothesis, and agree that less than 1% fail to meet government standards.
• B) You have insufficient evidence to reject the null hypothesis.
• C) You reject the alternate hypothesis and agree that less than 1% meet government standards.
• D) You should have used the t-test.

Identify effective recognition techniques and the impact of leadership on employee morale.

Grasp the concept of flow and its conditions in the context of job satisfaction.

Recognize the principles and effects of employee training on organizational outcomes.

Understand the characteristics of enlightened workplace environments and McGregor’s theories.

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Definitions:

Compensation Strategy

An organization’s approach to determining how to reward employees, incorporating elements such as pay levels, benefits, incentives, and performance evaluations.

Affordability

The degree to which something is financially viable or within one's financial means, often used in reference to budgeting and financial planning.

Legality

The state or condition of being in accordance with the law.

Employee Attraction

The strategies and efforts employed by organizations to appeal to potential employees and encourage them to apply for vacancies.