The Claim That "40% of Those Persons Who Retired from an Industrial

question 29

Multiple Choice

The claim that "40% of those persons who retired from an industrial job before the age of 60 would return to work if a suitable job was available" is to be investigated at the 0.02 significance level. If 74 out of the 200 workers sampled said they would return to work, what is our decision?

• A)Do not reject the null hypothesis because -0.879 lies in the region between +2.326 and -2.326.
• B)Do not reject the null hypothesis because -0.879 lies in the region between +2.5760 and -2.576.
• C)Reject the null hypothesis because 37% is less than 40%.
• D)Do not reject the null hypothesis because 37% lies in the area between 0% and 40%.

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Definitions:

Competitive Scope

Competitive scope involves the breadth, domain, or range of arenas in which a company chooses to compete, determining its market reach and focus.

Divestiture Strategy

A business strategy involving the sale, closure, or spinoff of a company division or segment to refine its core operations or generate capital.

Corporate Strategy

The overall direction and scope of a corporation, including how it selects and manages its businesses and investments to achieve long-term goals.

Safety Practices

Protocols and actions implemented to ensure the health and safety of employees and to prevent workplace accidents and injuries.