Suppose it is known that 60% of employees at a company use a Flexible Spending Account (FSA)

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Suppose it is known that 60% of employees at a company use a Flexible Spending Account (FSA) benefit.

a. If a random sample of 200 employees is selected, do we expect that exactly 60% of the sample uses an FSA? Why or why not?

b. Find the standard error for samples of size 200 drawn from this population. What adjustments could be made to the sampling method to produce a sample proportion that is more precise?

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Introductory Statistics Exploring The World Through Data

ISBN: 9780135163146

3rd Edition

Authors: Robert Gould, Rebecca Wong, Colleen N. Ryan

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Question Posted: Jul 14, 2021 03:50 AM

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Suppose it is known that 60% of employees at a company use a Flexible Spending Account (FSA)

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a No we do not expect that exactly 60 of the sample uses an FSA This is because the sampl...View the full answer

Introductory Statistics Exploring The World Through Data

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