At Lumina Corporation, Benefits for Employees Include Employer-Sponsored Insurance Coverage

question 2

Multiple Choice

At Lumina Corporation, benefits for employees include employer-sponsored insurance coverage. The medical expenses of employees are covered entirely by the company in case of any accidents. In this case, which of the following needs in Maslow's hierarchy is the management in Lumina Corporation trying to fulfill?

• A) Physiological needs
• B) Safety and security needs
• C) Actualization needs
• D) Belonging and love needs

Calculate the sample size needed for estimating population means within a desired margin of error at a given level of confidence when the population standard deviation is known.

Apply the formula for determining sample size in various contexts, including salary estimation and consumer income studies.

Analyze the factors affecting the width of a confidence interval, such as confidence level, population standard deviation, and desired precision.

Evaluate true/false statements regarding the upper limit of confidence intervals, incorporating understanding of sample size, sample mean, and population standard deviation.