Strategic business planning is required for the successful transfer of control between generations in family-owned companies. However, a survey of 315 privately hold family firms whose annual turnover exceeded one million dollars it was found that 80 had no stratogic business plan Assuming that simple random sampling was employed to determine the sample for the survey, estimate with 95% confidence the proportion of family owned companies operating without strategic business plans. Give the upper limit only and report your answer correct to three decimal places
Strategic business planning is required for the successful transfer of control between generations in family-owned companies. However, a survey of 315 privately hold family firms whose annual turnover exceeded one million dollars it was found that 80 had no stratogic business plan Assuming that simple random sampling was employed to determine the sample for the survey, estimate with 95% confidence the proportion of family owned companies operating without strategic business plans. Give the upper limit only and report your answer correct to three decimal places
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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