The Mean Number of Travel Days Per Year for the Outside

question 63

Multiple Choice

The mean number of travel days per year for the outside salespeople employed by hardware
Distributors is to be estimated. The 0.90 degree of confidence is to be used. The mean of a small
Pilot study was 150 days, with a standard deviation of 14 days. If the population mean is to be
Estimated within two days, how many outside salespeople should be sampled?

• A) 133
• B) 452
• C) 511
• D) 2,100

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Definitions:

Social Responsibility Pyramid

A framework used to depict how a business should prioritize its responsibilities, from basic economic functions to ethical duties.

Philanthropic Responsibility

The duty of businesses and organizations to contribute to the welfare of society through charitable donations, community service, and ethical practices.

Deontology

Deontology is a branch of ethics that focuses on the morality of actions based on whether they adhere to established rules or duties, rather than on the consequences of the actions.

Virtue Ethics

An approach to ethics that emphasizes an individual's character as the key element of ethical thinking, rather than rules or consequences.