o reduce the paperwork and administrative cost, a company wants to know whether mployees are satisfied with the new reimbursement policy for meals during business ravel. In an annual survey last year, 65% of all employees reported that they were atisfied with the old policy. To evaluate the new policy, the company conducts a new survey of 254 employees, and finds that 160 of them support it. Is the new policy even Less popular than the old one? Use a = 0.01. %3D 635 PM re to search 2/20/2022

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
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4. To reduce the paperwork and administrative cost, a company wants to know whether
employees are satisfied with the new reimbursement policy for meals during business
travel. In an annual survey last year, 65% of all employees reported that they were
satisfied with the old policy. To evaluate the new policy, the company conducts a new
survey of 254 employees, and finds that 160 of them support it. Is the new policy even
less popular than the old one? Use a = 0.01.
635 PM
P Type here to search
2/20/2022
Transcribed Image Text:Sketch 4. To reduce the paperwork and administrative cost, a company wants to know whether employees are satisfied with the new reimbursement policy for meals during business travel. In an annual survey last year, 65% of all employees reported that they were satisfied with the old policy. To evaluate the new policy, the company conducts a new survey of 254 employees, and finds that 160 of them support it. Is the new policy even less popular than the old one? Use a = 0.01. 635 PM P Type here to search 2/20/2022
Expert Solution
Step 1

We have given that 

Sample size n =254 

Favorable cases x =160

Sample proportion p^=x/n 

=160/254

= 0.6299

 

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