THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 80

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A corporation has 30 outlets in the North,40 in the South,60 in the Midwest,and 45 in the West.Using a proportional allocation of a random sample of 20% of the outlets,the manager records the following means and standard deviations.

-A sales representative has 850 accounts.She is interested in determining the proportion of her accounts that have placed an order within the past month.For a standard deviation of 0.5,how large a sample should she take in order to estimate the population proportion within five percent at a 95% level of confidence?

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Definitions:

Actual Employee Performance

Actual employee performance refers to the real work outputs and achievements of an employee as assessed through observations, outcomes, and evaluations.

Stock Merchandise

The process of purchasing, handling, and displaying inventory in retail.

Job Description

A formal account of an employee's responsibilities, duties, and roles within an organization.

Incumbent

The current holder of a position or office, typically in a political or organizational context.