TABLE 8-13
A sales and marketing management magazine conducted a survey of salespeople cheating on their expense reports and other unethical conduct. In the survey of 200 managers, 58% of the managers have caught salespeople cheating on an expense report, 50% have caught salespeople working a second job on company time, 22% have caught salespeople listing a "strip bar" as a restaurant on an expense report, and 19% have caught salespeople giving a kickback to a customer.
-Referring to Table 8-13, we are 95% confident that between 51.16% and 64.84% of managers in the population have caught salespeople cheating on an expense report.

Question

Quizplus · Accepted Answer

This statement is true because the confidence interval given in the statement (51.16% to 64.84%) falls within the range of the survey results (58%). The confidence interval indicates the range within which the true population proportion is likely to fall. In this case, we are 95% confident that the true proportion of managers who have caught salespeople cheating on an expense report is between 51.16% and 64.84%.

TABLE 8-13 a Sales and Marketing Management Magazine Conducted a Survey of Survey