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Top Management at a Large Software Company Wishes to Estimate

question 17

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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?


Definitions:

Class Adaptation

The ways in which different social classes respond to and cope with the structural and cultural conditions of their society.

Social Upheaval

Refers to a significant change or disturbance in society, often characterized by widespread social movements, protests, and changes in governmental or societal structure.

Social Classes

Categorizations of society based on various factors including wealth, income, occupation, and education, influencing people's opportunities and life experiences.

Cultural Tastes

The preferences and inclinations that individuals or groups have towards art, food, entertainment, and other cultural expressions, often shaped by social, economic, and environmental factors.

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