Basic Business Statistics, Student Value Edition
Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Chapter 8, Problem 58PS

The human resource (HR) director of a large corporation wished to study absenteeism among its mid-level manager at its central office during this year. A random sample of 25 mid-level managers reveals the following:

Absenteeism: X ¯ = 6.2 days, S = 7.3 days .

13 mid- level managers cite stress as a cause of absence.

a. Construct a 95 % confidence interval estimate for the mean number of absences for mid-level managers during the year.

b. Construct a 95 % confidence interval estimate for the population proportion of mid-level managers who cite stress as a cause of absence.

Suppose that the HR director wishes to administer a survey in one of its regional offices. Answer these questions:

a. What sample size is needed to have 95 % confidence in estimating the population mean absenteeism to within ± 1.5 days if the population standard deviation is estimated to be 8 days?

b. How many mid-level managers need to be selected to have 90 % confidence in estimating the population of mid-level managers who cite stress as a cause of absence of within ± 0.075 if no previous estimate is available?

c. Based on (c) and (d), what sample size is needed if a single survey is being conducted?

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Chapter 8 Solutions

Basic Business Statistics, Student Value Edition

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