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A company is planning to audit new hires to estimate the proportion of employees whose salary have been incorrectly proc
Posted: Wed May 11, 2022 12:49 pm
by answerhappygod
- A Company Is Planning To Audit New Hires To Estimate The Proportion Of Employees Whose Salary Have Been Incorrectly Proc 1 (15.55 KiB) Viewed 20 times
A company is planning to audit new hires to estimate the proportion of employees whose salary have been incorrectly processed by the payroll department. Let p be the proportion of interest. Past audits suggest that p will not be larger than 0.08. How large does the sample size need to be in order for the sample proportion to have a 90% chance of lying within 0.03 of p?