CorpPlus is a large corporation with many employees. You work for the human resources department of CorpPlus and want to estimate the population proportionof all employees who say the corporation is a great place to work. So, you will survey a random sample of 75 employees from CorpPlus and ask them whetherthey think the corporation is a great place to work.Follow the steps below to construct a 99% confidence interval for the population proportion of all employees who say the corporation is a great place to work. (Ifnecessary, consult a list of formulas.)(a) Click on "Take Sample" to see the results from the random sample.NumberProportionTake SampleSays the corporation is a greatplace to workDoes not say the corporation is agreat place to work630.84120.16Enter the values of the sample size, the point estimate of the population proportion, and the critical value you need for your 99% confidenceinterval. (Choose the correct critical value from the table of critical values provided.) When you are done, select "Compute".Sample size:Standard error:Point estimate:Margin of error:Critical value:Confidence level Critical value99%F0.005 -2.57699% confidence interval:95%F0.025 1.960Compute90%F0.0501.645(b) Based on your sample, enter the lower and upper limits to graph the 99% confidence interval for the population proportion of all employees who saythe corporation is a great place to work.0.0000.00099% confidence interval:1.0001.000

It is given that a survey of a random sample 75 employees from the CorpPlus and asked them whether…

(a) Click on "Take Sample" to see the results from the random sample. Number Proportion Take Sample Says the corporation is a great place to work 63 0.84 Does not say the corporation is a great place to work 12 0.16 Enter the values of the sample size, the point estimate of the population proportion, and the critical value you need for your 99% confidence Interval. (Choose the correct critical value from the table of critical values provided.) When you are done, select "Compute". Sample size: Point estimate: 0 Critical value: Compute Standard error: Margin of error: Confidence level Critical value 99% F0.005 -2.576 99% confidence interval: 95% F0.025 -1.960 90% F0.050-1.645 (b) Based on your sample, enter the lower and upper limits to graph the 99% confidence interval for the population proportion of all employees who say the corporation is a great place to work. 0.000 0.000 99% confidence interval: 1.000 1.000

(a) Click on "Take Sample" to see the results from the random sample. Number Proportion Take Sample Says the corporation is a great place to work 63 0.84 Does not say the corporation is a great place to work 12 0.16 Enter the values of the sample size, the point estimate of the population proportion, and the critical value you need for your 99% confidence Interval. (Choose the correct critical value from the table of critical values provided.) When you are done, select "Compute". Sample size: Point estimate: 0 Critical value: Compute Standard error: Margin of error: Confidence level Critical value 99% F0.005 -2.576 99% confidence interval: 95% F0.025 -1.960 90% F0.050-1.645 (b) Based on your sample, enter the lower and upper limits to graph the 99% confidence interval for the population proportion of all employees who say the corporation is a great place to work. 0.000 0.000 99% confidence interval: 1.000 1.000

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter6: Statistical Inference

Section: Chapter Questions

Problem 6P: In this chapter we showed how a simple random sample of 30 EAI employees can be used to develop...

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