The company's annual report states, "Our survey shows that 84.55 % of our employees are 'very happy' working here." Comment on that claim. Use appropriate statistics terminology.

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Business

Elianna Meza

15 September, 02:03

The company's annual report states, "Our survey shows that 84.55 % of our employees are 'very happy' working here." Comment on that claim. Use appropriate statistics terminology.

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Anna Brock · Answer 1

The claim is not 100% correct, a better one is: 84.55 % of our surveyed employees are 'very happy' working here. Because:

All the peple who responed to the survey is only a part of the entire population.

The proportion of respondents are "very happy" is the a sample statistics meanwhile the proportion of all workers that are "very happy" is the population parameter.

Since a sample statistics estimates the population parameter, they may be closed to the valua but are most likely not equal