Use the following to answer the question(s) below.
In economic downturns companies attempt to downsize their workforces by offering early retirement incentives to older employees. A survey of 723 companies found that 195 engage in such downsizing practices.
-The estimated proportion of companies that downsize their workforces by offering early retirement incentives is
A) 0.50.
B) 0.73.
C) 0.195.
D) 0.27.
E) 0.67.

Question

Quizplus · Accepted Answer

The estimated proportion is calculated by dividing the number of companies that engage in downsizing (195) by the total number of companies surveyed (723), which equals approximately 0.27.

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