SCENARIO 10-10
a Corporation Randomly Selects 150 Salespeople and Finds $\pi$

question 79

Short Answer

SCENARIO 10-10
A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self- improvement course would like such a course.The firm did a similar study 10 years ago in which 60% of a random sample of 160 salespeople wanted a self-improvement course.The groups are assumed to be independent random samples.Let $\pi$ ₁ and $\pi$ ₂ represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study,respectively.
-Referring to Scenario 10-10,construct a 95% confidence interval estimate of the difference in proportion of workers who would like to attend a self-improvement course in the recent study and the past study.

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Definitions:

Total Return

A comprehensive measure that reflects the actual rate of return of an investment or a portfolio over a specific time period, including both capital gains and dividends.

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