Question
ABC Enterprises is a company in which employees must frequently travel for business meetings with clients inside their city limits. Currently, each employee is allotted
ABC Enterprises is a company in which employees must frequently travel for business meetings with clients inside their city limits. Currently, each employee is allotted 40 dollars each day to cover meals while on the road. They are reimbursed for gas and other expenses in a separate budget, so the 40 dollars is only for meals. Employees have complained that this amount is not enough, especially if they had several meetings per day, and HR wanted to investigate. A survey was given to get recommendations for a new daily meal allotment. Although not all responded, 49% of employess did.
- What evidence, if any, supports the claim that 40 dollars/day is insufficient to cover all three meals?
- Why can't we just use the sample data and say it's the same as the population data? Whydid we have to make confidence intervals and do hypothesis tests?
- Why is organization of data essential in statistics?
- What kinds of skills that you needed/learned in this class would you be able to use in a business situation in your field?
- If you were the decision-maker in ABC Enterprises, what would you do with the meal allotment? What amount would you recommend? Why?
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