In order to control the job turnover ratio, the personnel department did a survey and found that

Question:

In order to control the job turnover ratio, the personnel department did a survey and found that out of the 500 employees who were hired in the last year, only 234 stayed. Does that provide enough evidence to support the hypothesis that the retention ratio is lower than 50 %? Do a 5 % test.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

Question Posted: