The top management of a large multinational corporation wants to create a culture of innovativeness and change. A consultant hired to assess the company's organizational culture fands that only 15% of employees are open to new ideas and approaches to their work One of this recornmendations is for the compary to conduct seminars for employeses in order to disseminate and reinforce the new corporate philosoplyy. This is done for a sixmonth tral period after which its value in changing employees attitudes will be assetssed. White the null and altemative hypotheses: The top management of a large multinational corporation wants to create a culture of innovativeness and change. A consultant hired to assess the company's organizational culture finds that only 15% of employees are open to new ideas and approaches to their work One of his recommendations is for the cormpany to conduct seminars for employees in order to disseminate and reinforce the new corporate philosophy. This is done for a sixmonth trial period after which its value in changing employee attitudes will be assessed. In this context, describe the Type I error possible. How might such an error impact the company? The top management of a large multinational corporation wants to create a culture of innovativeness and change. A consultant hired to assess the company's organizational culture finds that only 15% of employees are open to new ideas and approaches to their work. One of his recommendations Is for the company to conduct seminars for employees in order to disseminate and reinforce the new corporate philosophy. This is done for a sixmonth trial period after which its value in changing employee attitudes will be assessedi. In this context, describe the Type II error possible. How might such an error impact the company? The top management of a large multinational corporation wants to create a culture of innovativeness and change. A consultant hired to assess the company's organizational culture finds that only 15% of employees are open to new ideas and approaches to their work. One of his recommendation is for the company to conduct seminars for employees in order to disseminate and reinforce the new corporate philosophy. This is done for a sixmonth trial period after which its value in changing employee attitudes will be assessed. Based on data collected after the trial period, the company constructed 99% confidence interval for the proportion of all employees open the new ideas and approaches toward their work. The resulting interval is 16% to 24%. What conclusion should the company reach about the seminars? Explain. The top management of a large multinational corporation wants to create a culture of innovativeness and change. A consultant hired to assess the company's organizational culture fands that only 15% of employees are open to new ideas and approaches to their work One of this recornmendations is for the compary to conduct seminars for employeses in order to disseminate and reinforce the new corporate philosoplyy. This is done for a sixmonth tral period after which its value in changing employees attitudes will be assetssed. White the null and altemative hypotheses: The top management of a large multinational corporation wants to create a culture of innovativeness and change. A consultant hired to assess the company's organizational culture finds that only 15% of employees are open to new ideas and approaches to their work One of his recommendations is for the cormpany to conduct seminars for employees in order to disseminate and reinforce the new corporate philosophy. This is done for a sixmonth trial period after which its value in changing employee attitudes will be assessed. In this context, describe the Type I error possible. How might such an error impact the company? The top management of a large multinational corporation wants to create a culture of innovativeness and change. A consultant hired to assess the company's organizational culture finds that only 15% of employees are open to new ideas and approaches to their work. One of his recommendations Is for the company to conduct seminars for employees in order to disseminate and reinforce the new corporate philosophy. This is done for a sixmonth trial period after which its value in changing employee attitudes will be assessedi. In this context, describe the Type II error possible. How might such an error impact the company? The top management of a large multinational corporation wants to create a culture of innovativeness and change. A consultant hired to assess the company's organizational culture finds that only 15% of employees are open to new ideas and approaches to their work. One of his recommendation is for the company to conduct seminars for employees in order to disseminate and reinforce the new corporate philosophy. This is done for a sixmonth trial period after which its value in changing employee attitudes will be assessed. Based on data collected after the trial period, the company constructed 99% confidence interval for the proportion of all employees open the new ideas and approaches toward their work. The resulting interval is 16% to 24%. What conclusion should the company reach about the seminars? Explain