The Human Resources Department of a company conducts a survey to
determine if a new medical insurance plan is viewed favorably. Out
of 200 employees surveyed 80 said they liked the change.
a. Calculate a 95% confidence interval for the population
proportion who view the change favorably.
b. What is the proper interpretation of the interval constructed in
Part a?
i. There is a 95% chance that the population proportion lies within the constructed interval.
ii. If 20 similar confidence intervals were constructed on average 19 of these would contain the population proportion.
iii. The interval defines the values that are not plausible for the population proprtion.
In: Statistics and Probability
Laura and Andrea work as independent consultants in the area of
human resources for companies that need training for their
collaborators. The two give leadership conferences and do customer
service training. It is estimated that the frequency with which
they provide one or the other service can be framed within a
Poisson process with different frequency rates: Laura gives
leadership conferences with an average rate of 4 per month, while
customer service trainings are performed at an average frequency of
9 every two months. On the other hand, it is estimated that in a
month Andrea dictates, on average, 3 leadership conferences, while
she is able to teach 72 customer service training courses per year,
on average.
If necessary, assume a month is 4 weeks or 30 days. According to
the previous information, answer:
a. What is the probability that in 18 weeks, Laura will teach 12 customer service courses and Andrea will give 10 leadership conferences?
In: Statistics and Probability
The human resources department of a major corporation announced that the number of people interviewed by the corporation in one month has a mean of 108 and a standard deviation, σ, of 15. The management of the corporation suspects that the standard deviation differs from 15. A random sample of 17 months had a mean of 113 interviews, with a standard deviation of 9. If we assume that the number of people interviewed by the corporation in one month follows an approximately normal distribution, is there enough evidence to conclude, at the 0.01 level of significance, that the management's claim is correct?
Perform a two-tailed test. Then fill in the table below.
Carry your intermediate computations to at least three decimal places and round your answers as specified in the table.
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In: Statistics and Probability
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The Human Resources manager of Slam’s Club was shocked by the revelations of gender discrimination by WalMart and wants to check whether there is a gender difference in average salaries in his firm. He takes a random sample of 145 male employees and 75 female employees. The average salary for the males is 54.372 thousands of USD, female average salary is 49.773 thousands of USD. He assumes that the variability of the salaries is equal and finds the pooled standard deviation of 10.844 thousands USD. What are the approximate values of the test statistics and critical value for the appropriate hypothesis test (significance level = 5%)? Answer is: test statistic = 2.982, and critical value = 1.971. I can get the test statistic. The part I need help on is how to get the critical value. please show the excel command used to obtain it in detail. |
In: Statistics and Probability
The coronavirus pandemic is a human tragedy, affecting
hundreds of thousands of people globally. It is also
having a growing impact on the global value chain, hence the global
economy. All serious companies around
the world have therefore found innovative ways of keeping business
going nonetheless. One of such notable
companies is Ghana’s Kantanka Inc. The company has established a
dedicated team to ensure a simple but well-
managed set of processes that maximize the health and safety of
colleagues and customers. This team is led by
the CEO of the company. The focus of the team has been broken down
into five distinct work streams:
Employee management and wellbeing
Financial stress-testing and contingency planning
Supply chain monitoring
Marketing and sales
Any other business
Kantanka Inc. is a car manufacturing company originating from Ghana
which produces low-end vehicles. The
company’s competitive advantage stems from its unconventional but
effective and energy efficient technology
which is not found in most vehicles around the world. The dashboard
and other interior parts of the vehicles are
made from wood, and the vehicles are powered by car batteries and
solar energy.
Recently, they have added on aircrafts and mechanized farming
technologies. The company is set to take the
African market by storm. The company decided in 2015 to enter
Nigeria and Germany. With the backing of the
government of Ghana, negotiations with both countries succeeded as
negotiators from Nigeria and Germany
were in natural sync with the Ghanaian lobbyist contracted.
Once the company has gone international, it was only natural that
value chain activities of the company would
have to be rationalized to deal with the expansion, as well as all
forms of risk with respect to exchange rate
fluctuations. Speaking of financials, in this coronavirus pandemic
period, companies such as Kantanka Inc. that
entered into future contracts and used currency options as hedging
instruments would have less to worry about
since excuses from business partners would almost be
non-existent.
Recently in 2017, a company from Sậo Tome and Principé, called
PreZi contacted Kantanka Inc. to obtain
permission to use its technology. As to whether to agree or not to
the agreement is still under scrutiny by
Kantanka’s international expansion team.
a) Discuss five (5) ways the two negotiators can get along in order
for their cultural backgrounds not to
affect the outcome of their bargaining process.
b) Explain three (3) financial risks Kantanka Inc would definitely
encounter.
c) What five (5) benefits is Kantanka Inc likely to gain from
entering the German market?
d) Explain five (5) problems Kantanka Inc’s international expansion
team should anticipate before entering
the German market.
e) Explain the contractual strategy that would best characterize
the Kantanka-PreZi agreement once agreed
to.
In: Economics
Assume that the duration of human pregnancies can be described by a Normal model with mean 266266 days and standard deviation 1818 days. a) What percentage of pregnancies should last between 268268 and 276276 days? b) At least how many days should the longest 3030% of all pregnancies last? c) Suppose a certain obstetrician is currently providing prenatal care to 6868 pregnant women. Let y overbary represent the mean length of their pregnancies. According to the Central Limit Theorem, what's the distribution of this sample mean, y overbary? Specify the model, mean, and standard deviation. d) What's the probability that the mean duration of these patients' pregnancies will be less than 262262 days? a) The percentage of pregnancies that should last between 268268 and 276276 days is nothingm%. (Round to two decimal places as needed.)
Please help me solve this with ti-84 calc
In: Statistics and Probability
Human Resources:
For this assignment, you are an HR manager for ABC corp. The director of sales would like you to give a presentation to her team of seven sales managers about the importance of creating a legally defensible job description. This is a good time to present to the team given that there will be a surge of new positions on the sales team that do not yet have job descriptions created.
Answer the following questions:
In: Operations Management
It has long been known in the field of human genetics that wavy hair is the expression of a heterozygous genotype in which the allele for straight hair is paired with the allele for curly hair. Camille married Devin, and they both have wavy hair.What is the probability that their first child will have: a. wavy hair? b. curly hair? c. straight hair?
What is the name of the genetic phenomenon described in question above?
In: Biology
If a human has 46 chromosomes and it undergoes meiosis this means it will produce haploid cells. (each cell having 23 chromosomes) However, if the cell replicates itself in interphase. Wouldn't we have 92 chromosomes once replicated? How would this translate in having a haploid # of chromosomes after meiosis I? If possible please draw a diagram I am super confused ;/
In: Biology
In: Statistics and Probability