Instruction 8-7 After an Extensive Advertising Campaign,the Manager of a Company Wants

question 61

True/False

Instruction 8-7
After an extensive advertising campaign,the manager of a company wants to estimate the proportion of potential customers that recognise a new product.She samples 120 potential consumers and finds that 54 recognise this product.She uses this sample information to obtain a 95% confidence interval that goes from 0.36 to 0.54.
-Referring to Instruction 8-7,95% of the people will recognise the product between 36% and 54% of the time.

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Definitions:

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Compensation expense is the total amount of salary, wages, bonuses, and benefits that a company recognizes for its employees' services during a period.

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The total cost that a company recognizes for paying its employees, including wages, benefits, and bonuses.

Turnover Calculations

A process of estimating the efficiency and effectiveness of an operation, typically in terms of how quickly inventory is sold or how often staff are replaced.