The executives of a care free and insurance incorporated feel that a majority of our employees...

The executives of a care free and insurance incorporated feel that a majority of our employees perceive a huertista batori management's thou a care free a random sample of 200 carefree employees is selected to test this hypothesis and as he were a point 05 level of significance 80 employees rate the management as participatory the appropriate decision is

Solutions

Expert Solution

Null hypothesis H0: Proportion of employees rate the management as participatory is 0.5. That is p = 0.5

Alternative hypothesis H1: Proportion of employees rate the management as participatory is greater than 0.5. That is p > 0.5

Sample proportion, = 80 / 200 = 0.4

Standard error of proportion, SE = = 0.0354

Test statistic, z = ( - p) / SE = (0.4 - 0.5) / 0.0354 = -2.82

P-value = P(z > -2.82) = 0.9976

Since, p-value is greater than 0.05 significance level, we fail to reject null hypothesis H0 and conclude that there is no strong evidence that Proportion of employees rate the management as participatory is greater than 0.5 or majority of employees rate the management as participatory.

orchestra answered 1 year ago

Next > < Previous

Related Solutions

A survey of company executives reveals that over half of the executives feel that more work...

A survey of company executives reveals that over half of the executives feel that more work is accomplished within their companies on Tuesday than on any other day of the week. To test this claim within his own company, a health insurance company executive takes a random sample of eight employees and records the total number of claims processed by each employee over four Mondays and four Tuesdays. The following gives the recorded data: Employee 1 2 3 4 5...

Do you feel that executives are overly compensated? Explain.

In order to be effective, which type of executives should make up the majority of the...

In order to be effective, which type of executives should make up the majority of the audit committee members? Discuss in 30–50 words.

MEDICAL CARE: 1. As discussed earlier, our government is attempting to make medical care “free” to...

MEDICAL CARE: 1. As discussed earlier, our government is attempting to make medical care “free” to all Americans –free at the point of sale, with the costs paid for by taxation and government borrowing—at least when it comes to the TESTING for the COVID-19 virus. a) is this a good idea? Or a bad idea? Why? b) should the same policy—make it free to all – apply for ALL FOLLOW-UP CARE for patients who test positive for the virus? Why...

) Should executives and directors be sent to jail for the acts of their corporation’s employees?

]1. As discussed earlier, our government is attempting to make medical care “free” to all Americans...

]1. As discussed earlier, our government is attempting to make medical care “free” to all Americans –free at the point of sale, with the costs paid for by taxation and government borrowing—at least when it comes to the TESTING for the COVID-19 virus. a) is this a good idea? Or a bad idea? Why? b) should the same policy—make it free to all – apply for ALL FOLLOW-UP CARE for patients who test positive for the virus? Why or why...

Shaver Manufacturing, Inc. offers dental care insurance to its employees. A recent study by the director...

Shaver Manufacturing, Inc. offers dental care insurance to its employees. A recent study by the director of human resources shows that the annual cost per employee had a normal probability distribution, with an average expense of $ 1,280 and an average dispersion of $ 420 annually. Based on the information obtained, we want to identify: what percentage of employees generated: more than $ 1,500 per year of dental expenses; between $ 1,500 and $ 2.00 per year for dental expenses;...

A company offers its employees dental care insurance. A recent study shows that the annual cost...

A company offers its employees dental care insurance. A recent study shows that the annual cost per employee had a normal distribution, with an average of $ 1280 and a standard deviation of $ 420 annually. What is the probability that a randomly chosen employee spends between $ 1,500 and $ 2,000 per year on dental expenses? What is the minimum cost to be in the top 10% for annual dental care? 8,000 employees are chosen at random. Approximately how...

An employer pays its employees partly in form of tax free non contributory life insurance benefit...

An employer pays its employees partly in form of tax free non contributory life insurance benefit of $10,000 per employee. They employ around 200,000 workers. Calculate the total cost of this benefit to this employer.

Discuss issues related to paying employees serving in the military and paying executives.

Subjects