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o reduce the paperwork and administrative cost, a company wants to know whether mployees are satisfied with the new reimbursement policy for meals during business ravel. In an annual survey last year, 65% of all employees reported that they were atisfied with the old policy. To evaluate the new policy, the company conducts a new survey of 254 employees, and finds that 160 of them support it. Is the new policy even Less popular than the old one? Use a = 0.01. %3D 635 PM re to search 2/20/2022

o reduce the paperwork and administrative cost, a company wants to know whether mployees are satisfied with the new reimbursement policy for meals during business ravel. In an annual survey last year, 65% of all employees reported that they were atisfied with the old policy. To evaluate the new policy, the company conducts a new survey of 254 employees, and finds that 160 of them support it. Is the new policy even Less popular than the old one? Use a = 0.01. %3D 635 PM re to search 2/20/2022

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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Sketch 4. To reduce the paperwork and administrative cost, a company wants to know whether employees are satisfied with the new reimbursement policy for meals during business travel. In an annual survey last year, 65% of all employees reported that they were satisfied with the old policy. To evaluate the new policy, the company conducts a new survey of 254 employees, and finds that 160 of them support it. Is the new policy even less popular than the old one? Use a = 0.01. 635 PM P Type here to search 2/20/2022
Transcribed Image Text:Sketch 4. To reduce the paperwork and administrative cost, a company wants to know whether employees are satisfied with the new reimbursement policy for meals during business travel. In an annual survey last year, 65% of all employees reported that they were satisfied with the old policy. To evaluate the new policy, the company conducts a new survey of 254 employees, and finds that 160 of them support it. Is the new policy even less popular than the old one? Use a = 0.01. 635 PM P Type here to search 2/20/2022
Expert Solution
Step 1

We have given that 

Sample size n =254 

Favorable cases x =160

Sample proportion p^=x/n 

=160/254

= 0.6299

 

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