A Researcher Is Interested in Determining the Average Number of Years

question 101

Short Answer

A researcher is interested in determining the average number of years employees of a company stay with the company. If past information shows a standard deviation of 7 months, what size sample should be taken so that at 95% confidence the margin of error will be 2 months or less?

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Definitions:

Foreign Currency Fluctuations

Changes in the value of a country’s currency relative to the currency of another country; can influence consumer spending.

Global Financial Impact

The effect of financial events or trends around the world on economies, markets, and individual financial status.

Health and Wellness

An active process of becoming aware of and making choices toward a healthy and fulfilling life, encompassing physical, mental, and social well-being.

Communication Strategies

Plans of action designed to convey information effectively to a target audience.