The employee manager of a large company would like to estimate the proportion of full-time employees who prefer adopting plan A of two available health care plans in the forthcoming annual enrollment period. A survey of 1,000 randomly selected employees revealed that a 95% confidence interval for the proportion of employees preferring plan A is [14.7%, 19.3%]. Based on the confidence interval the manager can conclude (select one): Group of answer choices A.170 employees out of 1,000 preferred plan A on the survey. B.The proportion of employees preferring plan A is between 14.7% and 19.3% with 95% chance. C.The margin of error of the confidence interval is 4.6%. D.At least 147 employees out of 1000 prefer plan A on the survey.
The employee manager of a large company would like to estimate the proportion of full-time employees who prefer adopting plan A of two available health care plans in the forthcoming annual enrollment period. A survey of 1,000 randomly selected employees revealed that a 95% confidence interval for the proportion of employees preferring plan A is [14.7%, 19.3%]. Based on the confidence interval the manager can conclude (select one): Group of answer choices A.170 employees out of 1,000 preferred plan A on the survey. B.The proportion of employees preferring plan A is between 14.7% and 19.3% with 95% chance. C.The margin of error of the confidence interval is 4.6%. D.At least 147 employees out of 1000 prefer plan A on the survey.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
The employee manager of a large company would like to estimate the proportion of full-time employees who prefer adopting plan A of two available health care plans in the forthcoming annual enrollment period. A survey of 1,000 randomly selected employees revealed that a 95% confidence interval for the proportion of employees preferring plan A is [14.7%, 19.3%].
Based on the confidence interval the manager can conclude (select one):
Group of answer choices
A.170 employees out of 1,000 preferred plan A on the survey.
B.The proportion of employees preferring plan A is between 14.7% and 19.3% with 95% chance.
C.The margin of error of the confidence interval is 4.6%.
D.At least 147 employees out of 1000 prefer plan A on the survey.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman