TABLE 10-10 A Corporation Randomly Selects 150 Salespeople and Finds That 66

question 59

Short Answer

TABLE 10-10
A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self-improvement course would like such a course. The firm did a similar study 10 years ago in which 60% of a random sample of 160 salespeople wanted a self-improvement course. The groups are assumed to be independent random samples. Let π₁ and π₂ represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study, respectively.
-Referring to Table 10-10, construct a 99% confidence interval estimate of the difference in proportion of workers who would like to attend a self-improvement course in the recent study and the past study.

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Definitions:

Ethical Corporate Culture

An organizational environment that promotes integrity, accountability, and ethical behavior among its members.

Corporate

Pertains to corporations and their activities, characteristics, or culture, emphasizing the business or commercial aspect.

Employee Values

The beliefs and principles that are important to an organization's employees, guiding their behavior and influencing their work environment and satisfaction.

Value Priorities

The importance or preference given to certain values or ethical principles over others.