Suppose it is known that 60% of employees at a company use a Flexible Spending Account (FSA)
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Suppose it is known that 60% of employees at a company use a Flexible Spending Account (FSA) benefit.
a. If a random sample of 200 employees is selected, do we expect that exactly 60% of the sample uses an FSA? Why or why not?
b. Find the standard error for samples of size 200 drawn from this population. What adjustments could be made to the sampling method to produce a sample proportion that is more precise?
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a No we do not expect that exactly 60 of the sample uses an FSA This is because the sampl...View the full answer
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Related Book For 
Introductory Statistics Exploring The World Through Data
ISBN: 9780135163146
3rd Edition
Authors: Robert Gould, Rebecca Wong, Colleen N. Ryan
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