Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A financial services company has 34 female top executives (presidents or vice presidents) among its 400 senior managers in its Banking Services division, while
A financial services company has 34 female top executives (presidents or vice presidents) among its 400 senior managers in its Banking Services division, while only 10 female top executives among its 300 senior managers in its Investment Services division. Test at the 0.01 significance level if this reveals the Banking Services division has significantly more female top executives in higher levels of management. a. State the decision rule. (Round the final answer to 3 decimal places.) If z is more than -2.325, reject Ho b. Compute the pooled proportion. (Round the final answer to 5 decimal places.) Pc 0.06286 c. Compute the value of the test statistic. (Round the final answer to 3 decimal places.) The test statistic is -2.789 d. What is your decision regarding the null hypothesis? Reject Ho. The Banking Services division has significantly more female top executives.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started