EU (European Union) Countries Report That 46% of Their Labor

question 27

Multiple Choice

EU (European Union) countries report that 46% of their labor force is female. The United Nations wants to determine if the percentage of females in the U.S. labor force is
The same. Based on a sample of 500 employment records, representatives from the
United States Department of Labor find that the 95% confidence interval for the
Proportion of females in the U.S. labor force is .357 to .443. If the Department of Labor
Wishes to tighten its interval, they should

• A) increase the confidence level.
• B) decrease the sample size.
• C) increase the sample size.
• D) Both A and B
• E) Both A and C

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Definitions:

Business Mission

A statement that describes the purpose, goals, and values of a company.

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.

Strategic Group

A cluster of firms within an industry that follow a similar strategy or business model, competing on similar bases.

Cash Cow

A business unit, product line, or investment that generates consistently high profit margins and requires little investment to maintain.