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Author Question: Is there evidence that a majority of mangers would be willing to adopt such a compensation scheme? ... (Read 53 times)

Mr.Thesaxman

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on: Jun 24, 2018
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
Statistics, Data Analysis, and Decision Modeling ¦ Evans ¦ 5th Edition
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joshraies

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Reply #1 on: Jun 24, 2018
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


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