What are the factors that influence technology (tech) CEOs' anticipated need to change strategy? In a survey by PricewaterhouseCoopers (PwC), 94 of 115 tech CEOs around the globe responded that customer demand is one of the reasons they are making strategic changes at their organization, and 40 responded that availability of talent is one of the reasons. (Data extracted from "Delivering Results: Key Findings in the Technology Sector," 15th Annual PwC Global CEO Survey, 2012.)
a. Construct a 95% confidence interval estimate for the population proportion of tech CEOs who indicate customer demand as one of the reasons for making strategic change.
b. Construct a 95% confidence interval estimate for the population proportion of tech CEOs who indicate availability of talent as one of the reasons for making strategic change.
c. Interpret the intervals in (a) and (b).