Top Management at a Large Software Company Wishes to Estimate

question 25

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:

Americas

The continents of North and South America, including the Central American and Caribbean regions, known for diverse cultures, histories, and ecological systems.

Affluent Society

A society that possesses a high level of wealth and consumption, often characterized by a high standard of living.

Marshall Sahlins

An American anthropologist known for his work on the structure of kinship and the evolution of societies and cultures.

Paleolithic

Referring to the earliest period of the Stone Age, characterized by the use of primitive stone tools and hunting and gathering as a way of life.