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Assignment
Suppose that there are two candidates (i.e., Jones and Johns) in the upcoming presidential election. Sara notes that she has discussed the presidential election candidates with 15 friends, and 10 said that they are voting for candidate Jones. Sara is therefore convinced that candidate Jones will win the election because Jones gets more than 50% of votes.
Answer the following questions in the space provided below:
1. Based on what you now know about statistical inference, is Sara's conclusion a logical conclusion? Why or why not?
2. How many friend samples Sara should have in order to draw the conclusion with 95% confidence interval? Why?
3. How would you explain your conclusion to Sara without using any statistical jargon? Why?
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Justify the use of a needs assessment of your company's proposed employee customer service training, stressing five (5) ways in which such an assessment would expose any existing performance deficiencies.
Why is commercial credit a major risk for financial institutions? What are some approaches used by financial institutions to mitigate concerns with commercial credit? Explain
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Describe what steps, methods and analysis would you incorporate or introduce to upper-management to effectively manage salaries - show what challenges would you predict to administer the salary program in this growth period?
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