A Supermarket Administrator Suspects That Idle Time Is About 20

question 57

Multiple Choice

A supermarket administrator suspects that idle time is about 20 percent for the cashier and 15 percent for the office clerk.If the administrator wants a 95 percent confidence level and a degree of precision of + 0.05 for both cashier and office clerk,how many TOTAL observations are needed?

• A) Fewer than or equal to 200
• B) Greater than 200 but fewer than or equal to 300
• C) Greater than 300 but fewer than or equal to 400
• D) Greater than 400

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Definitions:

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.

Cultural Issue

Challenges and considerations arising from the varied beliefs, practices, norms, and values of different cultural groups.

Business Judgment Rule

A principle that protects corporate directors and officers from liability for decisions made in good faith and in the belief that they were acting in the best interest of the company.

Derivative Suit

A lawsuit brought by shareholders on behalf of a corporation against third parties or insiders like directors, alleging harm to the company.