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Name: One strategy that may have an impact on employee retention, turnover
Uploaded: 2024-03-20T07:07:00.000Z
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Description: One strategy that may have an impact on employee retention, turnover and engagement is a successful employee recognition program. Surveying small organizations, those with 500 to 2,499 employees, and large organizations, those with 10,000 or mor

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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One strategy that may have an impact on employee retention, turnover and engagement is a successful employee recognition program. Surveying small organizations, those with 500 to 2,499 employees, and large organizations, those with 10,000 or more employees, a survey organization showed that346(79%)of the 440 small organizations have employee retention programs as compared to 173 (88%) of the 196 large organizations.

a. At the

0.01

level of significance, is there evidence of a significant difference between organizations with 500 to 2,499 employees and organizations with 10,000 or more employees with respect to the proportion that have employee recognition programs?

a.Determine the null and alternative hypotheses, where π1 is the population proportion of organizations with 500 to 2,499 employees with employee recognition programs and π2 is the population proportion of organizations with 10,000 or more employees with employee recognition programs.

b. Determine the value of the test statistic. Determine the critical value(s) for this test of hypothesis. State the conclusion.

c.Find the p-value in (a) and interpret its meaning.

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