Dental plan as part of their benefits package

Assignment Help Operation Management

Reference no: EM132254082

The employees of Electronics Inc. would like to have a dental plan as part of their benefits package. The question is: How much does a typical employee and his or her family spend per year on dental expenses? A sample of 57 employees reveals the mean amount spent last year was $1870, with a standard deviation of $690.

a. Construct a 98% confidence interval for the population mean. (Round the final answers to the nearest whole dollar.)

Population mean.... ,...

b. The information from part (a) was given to the president of Electronics Inc. He indicated he could afford $1660 of dental expenses per employee. Is it possible that the population mean could be $1660?

The population mean............could be could not be 1660

Reference no: EM132254082

Questions Cloud

Selection practices contribute to high performance : How do recruitment and selection practices contribute to high performance in organization?

Do you think national polls impact peoples : Do you pay attention to polls? Do you think national polls impact peoples' views on a topic?

Describe effective counseling models for individuals : Write a 700- to 1,050-word paper on specific counseling models. Include the following: Describe effective counseling models for individuals who are incarcerated

How many outside salespeople should you sample : You need to estimate the mean number of travel days per year for outside salespeople. how many outside salespeople should you sample?

Dental plan as part of their benefits package : The employees of Electronics Inc. would like to have dental plan as part of their benefits package. Construct 98% confidence interval for the population mean.

Discuss the key facts and critical issues presented in case : In a narrative format, discuss the key facts and critical issues presented in the case. In a narrative format, discuss the key facts and critical issues present

Determine whether the attack was preventable in each case : Determine whether the attack was preventable in each case. Based on your experience, explain why or why not. If you feel any of the attacks were preventable.

Analyze the possible impact of poorly completed final report : Put yourself in the role of a prosecutor and explain the importance of the final report to the prosecution of a case. Further, analyze the possible impact.

Extremely important to create successful work environment : Keeping employees motivated in the workplace is extremely important to create a successful work environment and to retain your best workers

User Account

All Pages