1,000 randomly selected business executives were polled. Assume that 25 percent of all business executives feel that the benefits of outsourcing are either less or much less than expected. What is the probability of observing a random sample of 1,000 randomly selected business executives with a sample proportion of 22 percent? Among the 1,000 business executives polled, 220 felt that the benefits of outsourcing were either less or much less than expected. What do you conclude about the population proportion of business executives who feel that the benefits of outsourcing are either less or much less than expected?
1,000 randomly selected business executives were polled. Assume that 25 percent of all business executives feel that the benefits of outsourcing are either less or much less than expected. What is the probability of observing a random sample of 1,000 randomly selected business executives with a sample proportion of 22 percent? Among the 1,000 business executives polled, 220 felt that the benefits of outsourcing were either less or much less than expected. What do you conclude about the population proportion of business executives who feel that the benefits of outsourcing are either less or much less than expected?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
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1,000 randomly selected business executives were polled.
- Assume that 25 percent of all business executives feel that the benefits of outsourcing are either less or much less than expected. What is the
probability of observing a random sample of 1,000 randomly selected business executives with a sample proportion of 22 percent? - Among the 1,000 business executives polled, 220 felt that the benefits of outsourcing were either less or much less than expected. What do you conclude about the population proportion of business executives who feel that the benefits of outsourcing are either less or much less than expected?
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