The coach of an adult Master's Swim class selected eight swimmers within each of the two age groups shown below. A 50-yard freestyle time is recorded for each swimmer. The resulting times (seconds) are shown below. Which statistical test would you choose to compare the two groups? Age GroupObs25-34 Yrs 35-44 Yrs 1 26.26 31.08 2 28.44 28.63 3 26.61 25.65 4 29.74 31.81 5 26.94 27.22 6 26.31 30.56 7 34.68 33.38 8 22.55 30.82 Mean 27.69 29.89 St Dev 3.50 2.54
A. t-test for paired samples
B. t-test for independent samples with unknown variances
C. z-test for two independent proportions
D. t-test for independent samples with known variances
Answer: B
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According to the text, why do most employees in organizations succumb to questionable ethical standards or only follow formal policies?
A. Few organizations develop and enforce very stringent codes of ethics. B. Few people in an organization are considered stakeholders or stockholders. C. Most people are in the preconventional and conventional levels of moral development. D. Most people are in the conventional and principled levels of moral development. E. Most people exhibit behavior that is close to the principled level of moral development.
Today, the most common classification of the components of a marketing mix is the ________
A) 4 Cs B) 4 Ps C) 7 Ps D) 7 Cs E) 12 variables
The legal and financial structure controlling the relationship between a company's shareholders and its management is called the
A) Agency Theory. B) Stakeholder Alternative. C) Corporate Governance. D) Concentrated Ownership.
Camm Corporation has two manufacturing departments-Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 3,000 2,000 5,000Estimated total fixed manufacturing overhead cost$12,600$4,600$17,200Estimated variable manufacturing overhead cost per MH$1.70$2.50 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. The departmental predetermined overhead rate in the Assembly Department is closest to:
A. $2.30 B. $2.50 C. $4.80 D. $5.46