Instruction 8-20 A Business and Management Magazine Conducted a Survey on Employees

question 110

Short Answer

Instruction 8-20
A business and management magazine conducted a survey on employees cheating on their expense reports and other unethical conduct. In the survey of 200 managers, 58% of the managers have caught employees cheating on an expense report, 50% have caught employees working a second job on company time, 22% have caught employees listing a "strip bar" as a restaurant on an expense report, and 19% have caught employees giving a kickback to a customer.
-Referring to Instruction 8-20,the sampling error of a 95% confidence interval estimate of the population proportion of managers who have caught employees cheating on an expense report is ________.

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Definitions:

Normally Distributed

Explains a probability distribution where the distribution is balanced on either side of the mean, suggesting that data points near the mean happen more frequently than those far from the mean.

Major Repair

An extensive fix that restores a system, device, or facility, often involving significant time, effort, or cost.

Guarantee Period

The timeframe during which a product or service is assured to perform as specified, typically offered by the manufacturer or service provider.

Normally Distributed

A type of distribution depicted by a bell-shaped curve, where most of the observations cluster around the central peak and the probabilities for values further away from the mean taper off equally in both directions.