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Business Decision Narrative
The owner of Fit Forever Health Club is considering adding an indoor swimming pool to his facility. The manager decided to take a survey to determine whether member opinion about the addition of a pool was independent of the age of the member. Two hundred members were selected at random and asked to state their opinion. The following data were recorded:
Opinion Concerning Pool Use the following output generated by statistical software to answer the questions below.
Chi-Square Test
Expected counts are printed below observed counts Chi-Sq = 2.482 + 0.604 + 1.091 + 0.000 + 0.197 + 0.204 + 4.119 + 0.193
+3.672 = 12.562
DF = 4, P-Value = 0.014
-Refer to Business Decision Narrative. What is the appropriate conclusion at the 0.05 level of significance? Justify your answer.
Concrete Examples
Specific instances or situations that illustrate a general concept, principle, or process in a clear and understandable way.
Ethics
Moral principles that govern a person's behavior or the conducting of an activity, often fundamental to business practices.
Laws
Established rules that are enforceable by a governing body, intended to regulate behaviors and maintain order within a society.
Toyota's Challenge 2050
A set of environmental and sustainability goals established by Toyota Motor Corporation aimed at reducing the negative impacts of cars on the environment and society by 2050.
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