A Random Sample of 1000 People Was Taken

question 11

Multiple Choice

A random sample of 1000 people was taken. Four hundred fifty of the people in the sample favored Candidate A. The 95% confidence interval for the true proportion of people who favors Candidate A is

• A)0.419 to 0.481
• B)0.40 to 0.50
• C)0.45 to 0.55
• D)1.645 to 1.96

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Definitions:

Organizational Performance

This measures how efficiently and effectively an organization achieves its goals and objectives.

Corporate Strategy

The overarching strategy of an organization, outlining its overall direction and objectives, and determining how to allocate its resources across the entire corporation.

Business Strategy

A plan of action designed to achieve a long-term or overall aim within a business.

Strategy Formulation

Strategy formulation is the process of creating strategies to achieve organizational goals, involving the analysis of the competitive environment and the organization's internal capabilities.