A New Policy of "Flex Hours" Is Proposed

question 92

Multiple Choice

A new policy of "flex hours" is proposed. Random sampling showed that 28 of 50 female workers favored the change, while 22 of 50 male workers favored the change. Management wonders if there is a difference between the two groups. What is the test statistic to test for a zero difference in the population proportions?

• A)1.321
• B)1.287
• C)1.200
• D)-1.255

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Definitions:

Herfindahl Index

A measure used to assess the level of concentration and competition within an industry, calculated by summing the squares of market shares of all firms in the market.

Concentration Ratio

An economic metric that assesses the market share of the largest firms within an industry to evaluate the market's competitive landscape.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for differentiation and some degree of market power.