TABLE 8-13 a Sales and Marketing Management Magazine Conducted a Survey of Survey

question 143

Short Answer

TABLE 8-13
A sales and marketing management magazine conducted a survey of salespeople cheating on their expense reports and other unethical conduct. In the survey of 200 managers, 58% of the managers have caught salespeople cheating on an expense report, 50% have caught salespeople working a second job on company time, 22% have caught salespeople listing a "strip bar" as a restaurant on an expense report, and 19% have caught salespeople giving a kickback to a customer.
-Referring to Table 8-13, construct a 95% confidence interval estimate of the population proportion of managers who have caught salespeople working a second job on company time.

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Definitions:

Delivery Expense

This refers to the costs associated with transporting goods from one place to another, including shipping fees, freight, and packaging costs.

Contra Revenue Accounts

Accounts that are used to record reductions in revenue, such as sales returns, allowances, and discounts.

Sales Discounts

Reductions from the listed or invoice price of goods or services, provided by the seller as an incentive for early payment by the buyer.

Cost of Goods Sold

Expenses directly linked to manufacturing goods for sale, covering both the cost of materials used and the wages for labor.