A travel agent wants to determine if clients have a preference of four different airlines. For a sample of 200 flight reservations, there were 70, 45, 48, and 37 reservations for the four different airlines.a. Set up the competing hypotheses to test if the population proportions are not equal to each other.b. Calculate the value of the test statistic.c. Specify the critical value at the 5% significance level.d. What is the conclusion of the hypothesis test?

What will be an ideal response?


a. H0: p1 = p2 = p3 = p4 = 0.25; HA: Not all proportions equal to 0.25; 
b. 11.96 
c. 7.815 d. Because the test statistic value is greater than the critical value, reject the null hypothesis. Conclude that not all population proportions are 0.25.

Business

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A. is also known as idiosyncratic risk. B. can be diversified away. C. is also known as market risk. D. is the risk to a stock's return that is not attributable to the fluctuations in the overall stock market.

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Beryl Co. uses a periodic inventory system and has the following information in regard to its inventory:   Beginning inventory400 units @ $15$6,000  Purchase on January 25600 units @ $16 9,600  Purchase on March 15400 units @ $17 6,800  Purchase on October 2800 units @ $18 14,400  Goods available for sale $36,800  There are 1,000 units in ending inventory. What is the amount of the ending inventory using the LIFO method?

A. $14,400 B. $17,800 C. $6,000 D. $15,600

Business

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a. It is the feeling of nurturing concern for, and dependence upon, another. b. It is the lack of motivation among employees in businesses. c. It is a legal consolidation and collaboration of companies into a single entity. d. It is a network of interlocking corporate affiliates.

Business

Lawrence, an employee of Light, Inc, has gross salary for March of $4,000

The entire amount is under the OASDI limit of $117,000, and thus subject to FICA. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. Which of the following is a part of the journal entry to record the employer's payroll taxes? A) debit to Payroll Tax Expense B) debit to FICA Taxes Payable C) credit to Payroll Tax Expense D) debit to Cash

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