A Company Reports That 80% of Its Employees Participate in the Companyʹs

question 105

Essay

A company reports that 80% of its employees participate in the companyʹs stock purchase
plan. A random sample of 50 employees was asked the question, ʺDo you participate in
the stock purchase plan?ʺ The answers are shown below. $\begin{array} { l l l l l l l l l l } \text { yes no } & \text { no } & \text { yes } & \text { no } & \text { no } & \text { yes } & \text { yes } & \text { no } & \text { no } \\ \text { no } & \text { yes } & \text { yes } & \text { yes } & \text { no } & \text { yes } & \text { no } & \text { no } & \text { yes } & \text { yes } \\ \text { no } & \text { yes } & \text { yes } & \text { no } & \text { yes } & \text { yes } & \text { no } & \text { yes } & \text { yes } & \text { yes } \\ \text { yes } & \text { no } & \text { no } & \text { yes } & \text { yes } & \text { yes } & \text { yes } & \text { yes } & \text { no } & \text { yes } \\ \text { no } & \text { yes } & \text { yes } & \text { no } & \text { yes } & \text { yes } & \text { yes } & \text { yes } & \text { yes } & \text { yes } \end{array}$
Perform the appropriate test of hypothesis to investigate your suspicion that fewer than $80 \%$ of the company's employees participate in the plan. Use $\alpha = .05$ .

Identify strategies used by organizations in response to different market and competitive conditions.

Understand the implications of organizational design choices on HR functions.

Grasp the concept of agency problems and their impact on organizational performance.

Understand the concept of utility and how it influences consumer choices.

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Definitions:

Heterozygous

A genetic condition where an individual has two different alleles for a specific gene.

Alleles

Alternative forms of a gene that occur at a specific locus on a chromosome, contributing to genetic diversity.

Gene

A unit of hereditary information composed of DNA, which resides on chromosomes and influences specific characteristics.

Mendel's Research

The foundational genetic studies conducted by Gregor Mendel, which established the principles of inheritance through the breeding of pea plants.