Question
HighTech Inc. randomly tests its employees about company policies. Last year in the 420 random tests conducted, 18 employees failed the test. (Use t Distribution
HighTech Inc. randomly tests its employees about company policies. Last year in the 420 random tests conducted, 18 employees failed the test. (Uset Distribution Table & z Distribution Table.) Required: a. What is the point estimate of the population proportion? (Round your answer to 1 decimal place.) b. What is the margin of error for a 90% confidence interval estimate? (Round your answer to 3 decimal places.) c. Compute the 90% confidence interval for the population proportion. (Round your answers to 3 decimal places.) d. Is it reasonable to conclude that 8% of the employees cannot pass the company policy test? multiple choice
- Yes
- No
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
