The Management of the Company Decided to Find Out What

question 15

Multiple Choice

The management of the company decided to find out what percent of employees are late for work. According to the results of observations performed during the month, it was found that on average each day about 7.5% of employees are late for work. The standard error of the study was 0.011. Find and interpret the margin of error for this study with the confidence level of 95%.

• A)The margin of error is 0.022.This estimate or 7.5% differs from the actual population proportion (real proportion of employees who are late for work) by no more than 0.022 (or 2.2%).
• B)The margin of error is 0.018.This estimate or 7.5% differs from the actual population proportion (real proportion of employees who are late for work) by no more than 0.018 (or 1.8%).
• C)The margin of error is 0.011.This estimate or 7.5% differs from the actual population proportion (real proportion of employees who are late for work) by no more than 0.011 (or 1.1%)
• D)The margin of error is 0.022.This estimate or 7.5% differs from the actual population proportion (real proportion of employees who are late for work) by no more than 0.011 (or 1.1%).
• E)The margin of error is 0.018.This estimate or 7.5% differs from the actual population proportion (real proportion of employees who are late for work) by no more than 0.009 (or 0.9%).

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Definitions:

Medical Operations

Activities related to the provision of medical care, including diagnosis, treatment, and management of patients' health.

Gainsharing Plans

Employee incentive plans that involve sharing the financial gains from improved productivity, efficiency, or cost-saving measures with employees.

Production Jobs

Positions within a company focused on creating or manufacturing goods, often involving operational or manual labor tasks.

Skill-Based Pay

A compensation strategy that pays employees based on their skills, certifications, or knowledge, rather than their job title or position.