Top Management at a Large Software Company Wishes to Estimate

question 17

Multiple Choice

Top management at a large software company wishes to estimate the average number of hours its firm's professional employees volunteer in the local community.Based on past similar studies, the standard deviation was found to be 2.22 hours.If top management wants to estimate the average number of hours volunteered per month by their professional staff to within one hour with 99% confidence, how many randomly selected professional employees would they need to sample?

• A)19
• B)25
• C)54
• D)44
• E)33

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Definitions:

Shareholder

An owner of shares in a company or corporation, giving them certain rights and potential financial benefits.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights and liabilities.

Legal Administrator

A professional responsible for managing the operations of a law firm or legal department, including administrative tasks and financial management.

Managing Partner

A leadership position within a partnership, responsible for overseeing the operations and strategic direction of the firm.