1 ) Construct a 99% confidence interval for the true proportion of all employees of People Plus Pty who believe that they should be given a raise by the company, given that 115 out of a sample of 135 employees support this suggestion. Interpret your answer.
1 ) Construct a 99% confidence interval for the true proportion of all employees of People Plus Pty who believe that they should be given a raise by the company, given that 115 out of a sample of 135 employees support this suggestion. Interpret your answer.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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1 ) Construct a 99% confidence interval for the true proportion of all employees of People Plus Pty who believe that they should be given a raise by the company, given that 115 out of a sample of 135 employees support this suggestion. Interpret your answer.
2 ) Construct a 90% confidence interval for the true average monthly salary earned by all employees of People Plus Pty, if it was found that the average monthly salary earned by a sample of 16 employees of the company was R17 500, with a standard deviation of R1 650. Interpret your answer.
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