The Representatives from the Department of Labor Want to Estimate $$\pm 5 \%$$

question 634

Essay

The representatives from the Department of Labor want to estimate a percentage of
females in the United States labor force to within $$\pm 5 \%$$
with 90% confidence. How many
employment records should they sample?

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Definitions:

Compliance

Compliance refers to the act of adhering to laws, regulations, standards, and ethical practices set by authoritative bodies or organizations.

Proactive Social Responsibility

A business approach where companies take the initiative to improve social welfare, beyond regulatory requirements.

Adverse Social Impacts

Negative effects on society that may result from certain actions or policies, such as increased inequality or damage to community cohesion.

Discretionary Responsibilities

Obligations that an individual or organization chooses to undertake voluntarily, beyond what is legally or contractually required.