Question: You may need to use the appropriate technology to answer this question. Suppose a company surveyed the work preferences and attitudes of 1,006 working adults

You may need to use the appropriate technology to answer this question.

Suppose a company surveyed the work preferences and attitudes of 1,006 working adults spread over three generations: baby boomers, Generation X, and millennials. In one question, individuals were asked if they would leave their current job to make more money at another job. The sample data are summarized in the following table.

Leave Job for More Money? Generation
Baby Boomer Generation X Millennial
Yes 124 154 167
No 202 185 174

Conduct a test of independence to determine whether interest in leaving a current job for more money is independent of employee generation.

State the null and alternative hypotheses.

H0: Interest in leaving job for more money is not independent of the employee generation. Ha: Interest in leaving job for more money is independent of the employee generation.H0: Interest in leaving job for more money is not mutually exclusive of the employee generation. Ha: Interest in leaving job for more money is mutually exclusive of the employee generation. H0: Interest in leaving job for more money is mutually exclusive of the employee generation. Ha: Interest in leaving job for more money is not mutually exclusive of the employee generation.H0: Interest in leaving job for more money is independent of the employee generation. Ha: Interest in leaving job for more money is not independent of the employee generation.

Find the value of the test statistic. (Round your answer to two decimal places.)

What is the p-value? (Round your answer to four decimal places.)

Using a 0.05 level of significance, what is your conclusion?

Reject H0. We conclude that interest in leaving a job for more money is not independent of the employee generation.Reject H0. We cannot conclude that interest in leaving a job for more money is independent of the employee generation. Do not reject H0. We conclude that interest in leaving a job for more money is not independent of the employee generation.Do not reject H0. We cannot conclude that interest in leaving a job for more money is independent of the employee generation.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!