Instruction 8-20
A business and management magazine conducted a survey on employees cheating on their expense reports and other unethical conduct. In the survey of 200 managers, 58% of the managers have caught employees cheating on an expense report, 50% have caught employees working a second job on company time, 22% have caught employees listing a "strip bar" as a restaurant on an expense report, and 19% have caught employees giving a kickback to a customer.
-Referring to Instruction 8-20,a 95% confidence interval will contain 95% of the population proportion of managers who have caught employees cheating on an expense report.

Question

Quizplus · Accepted Answer

A 95% confidence interval for a proportion estimates the range in which the true population proportion is likely to fall, based on a sample statistic (in this case, the 58% of managers from the survey who have caught employees cheating on an expense report). It does not mean that 95% of all managers in the population have caught employees cheating on expense reports.

Instruction 8-20 A Business and Management Magazine Conducted a Survey on Employees