Is there evidence that a majority of mangers would be willing to ...

[Mr.Thesaxman]

Is there evidence that a majority of mangers would be willing to adopt such a compensation scheme?
 
  What will be an ideal response?

Question 2

The strongest and most useful form of measurement is the ________.
 
  A) nominal scale
  B) ordinal scale
  C) ratio scale
  D) interval scale

[joshraies]

Answer to Question 1

H0 : P = 0.50 (No preference),
H1 : P < 0.50 (less than 50 would not adopt to the compensation package)
P(X  5  P = 0.5, n = 17 ) = 0.0472 + 0.0182 + 0.0052 + 0.0010 + 0.0001 = 0.0717
Evidence of preference (p-value = 0.0717 ).
Hence, at 10 significance level, we reject the null hypothesis and conclude that the less than 50 would not adopt to the compensation package.

Answer to Question 2

C