Purchase Solution

Is there a relationship between the preferred pension plan and job classification at a large chemical plant company?

Not what you're looking for?

Ask Custom Question

A sample of employees at a large chemical plant was asked to indicate a preference for one of three pension plans. The results are given in the following table. Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the .01 significance level.

Pension Plan

Job Class Plan A Plan B Plan C

Supervisor 10 13 29

Clerical 19 80 19

Labor 81 57 22

Purchase this Solution
Solution Summary

This solution provides the null and alternative hypothesis and conducts a chi-square analysis to compare to the p-value. A decision is made to accept or reject the null hypothesis. All steps are shown in an Excel file.

Purchase this Solution
Free BrainMass Quizzes
Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

View More Free Quizzes
Related BrainMass Solutions

  • Pension Plan Preference

    Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the .01 significance level.

  • Hypothesis Testing and Pension Plan

    Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the .01 significance level. Please see the attached file.

  • Chi-square Test of Goodness of Fit & Association

    Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the .01 significance level. ?

  • Two Way ANOVA & Chi square test for Independence

    Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the .01 significance level.

  • Chi-Square and ANOVA problems

    Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the 0.01 significance level.

  • FMC Green River: focus on employee motivation

    This is a continuation of the comparative analysis between two companies within the same parent corporation. FMC Green River, located in Wyoming, is a large chemical mining and production facility with its own unique method of management.

  • Study Questions

    The relationship between the amount funded and the amount reported for pension expense is as follows: a) pension expense must equal the amount funded. b) pension expense will be less than the amount funded.

  • Compensation Benefit Package Design Plan

    Try and consider pension plan as an ongoing allocation of benefits and investment compensation while infuses a cooperative effort between the company as well as employee to contribution.

  • Products and Period Costs Classification

    M17-16 Job order Costing and Process Costing Applications For each of the following manufacturing situations, indicate whether job order or process costing is more appropriate and why. a. Peanut butter manufacturer b.

View More Related Solutions