Eyestrain Is Thought to Be Associated with Different Types of Office

question 3

Essay

Eyestrain is thought to be associated with different types of office work.The Acme Temp-Help Company provides short-term employees to substitute for vacationing data entry personnel.Previous research has shown that approximately 21% of full time data entry personnel have eyestrain, and Acme would like to estimate the proportion, p , of their 6,000 part-time data entry employees that have eyestrain. a)They would like to estimate p to within 0.05 with 95% confidence.If they accept the starting value of 0.21 as a reasonable initial estimate of p , what sample size should they use for their study? b)Suppose Acme had felt that the working conditions of their temporary data entry personnel were different enough that they should not depend on the 0.21 as an initial estimate.In a few sentences, explain how your procedure for choosing a samples size would differ from your solution in part (a).(Do NOT recalculate a new estimate of the necessary sample size!)

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Definitions:

Common Stock

Equity securities representing ownership in a company, entitling holders to vote and share in the company's profits.

Net Income

The financial term for the total earnings or profit of a company after all expenses and taxes have been subtracted from total revenue.

Investment Portfolio

A group of stocks and/or debt securities in different corporations held for investment purposes.

Consolidated Portfolio

A comprehensive account of the combined assets, liabilities, and investment holdings of a parent company and its subsidiaries.