2. Meaning: What are you? (I know about your programs and facilities)
3. Response: What about you? (I believe your group does good work and is making a positive difference)
4. Relationships: What about you and me? (I want to be associated with your brand because it says something important about me. We share the same values)
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Which of the following is true about the minimum attractive rate of return (MARR) used in judging the economic value of projects?
a. MARR has no bearing on engineering projects.
b. MARR is the same for all companies.
c. MARR is usually much smaller than the interest rate used in discounted cash flow analysis.
d. The value of MARR is usually determined by management and is based on many factors.
A report suggests that business majors spend the least amount of time on course work than do all other college students (The New York Times, November 17, 2011). A provost of a university conducts a survey of 50 business and 50 nonbusiness students. Students are asked if they study hard, defined as spending at least 20 hours per week on course work. The response shows "yes" if they study hard or "no" otherwise; a portion is shown in the following table.
|Business Majors||Nonbusiness Majors|
a. At the level of significance, determine if the percentage of business majors who study hard is less than .
b. At the level of significance, determine if the percentage of nonbusiness majors who study hard is more than .