Question: A company is wondering if it should subsidize the tuition
A company is wondering if it should subsidize the tuition costs of employees who are furthering their education. The company feels that it could afford a subsidy program if 25% or fewer of its employees enrolled in programs that would be eligible for subsidies. The chief accountant conducted a random sample of 400 employees and calculated that 26% would enroll in eligible programs if the subsidy were available. Suppose that if only 25% of employees actually enrolled in eligible programs, the sample proportions would be normally distributed, with a mean of 0.25 and a standard deviation of 0.021651. Does the sample result indicate that more than 25% of employees would enroll in eligible programs?
Answer to relevant QuestionsYour statistics teacher claims that the average mark on the mid-term statistics exam for students in the business program is 67%. You survey a random sample of 30 of the business students taking statistics, and you calculate ...A local bank claims that it takes no more than 1.5 working days on average to approve loan requests. Examination of the bank's records for 64 randomly selected loan requests produced a sample mean of 1.8 working days. Assume ...Use the distributions from Exercise 1 to answer the following questions. a. What is the probability that an individual student will be taller than 180 centimetres? b. Suppose a random sample of 25 students is selected from ...A manufacturer receives large shipments of keyboards that will be sold with its computers. The computer manufacturer does not accept any shipments unless there is evidence that fewer than 5% of the keyboards are ...Suppose you have null and alternative hypotheses as follows: H0: p = 0.35 H1: p = 0.35 The sample size is 500, sampling is done without replacement, and the sample is less than 5% of the population. The sample proportion ...
Post your question