Offistart - Virtual Offices, Office Space, Business Support Services
*Home>>>Business Services

Help to both A & B Please? Statistics?


Fourteen of 180 publicly traded business services companies failed a test for compliance with Sarbanes-Oxley requirements for financial records and fraud protection.

A. Assuming that these are a random sample of all publicly traded companies, construct a 95 percent confidence interval for the overall noncompliance proportion.

B. Why might this statistic not apply to all sectors of publicly traded companies? (e.g. aerospace and defense)

A).
Let p be the true proportion of all publicly traded companies who failed a test for compliance. Then let ^p to denote the sample proportion of all publicily traded companies for non-compliance.

In this case,
n = 180.
^p = The sampled proportion of this random selected sample = 14/180 = 0.0778
The coefficient of confidence = 95%
i.e. (1 - 鈭?% = 95%
1 - 鈭?= 0.95
鈭?= 0.05

Since both n^p = 180 * (14/180) = 14 and n(1-^p) = 180* [1-(14/180)] = 166 are both at least greater than 5, then n is considered to be large and it is appropriate to use the z distribution to estimate the true overall noncompliance proportion of all publicily traded companies, p in this case.

So, a 95% confidence interval for the overall noncompliance proportion
= [^p (+-) Z鈭?2 * 鈭歔^p(1-^p)/n]
= [0.0778 (+-) z(0.05/2) * 鈭歔0.0778(1-0.0778)/180]
= [0.0778 (+-) z0.025 * 鈭歔0.0778(1-0.0778)/180]
= [0.0778 (+-) 1.96 * 鈭歔0.0778(1-0.0778)/180]
= [0.0778 (+-) 0.01996]
= [0.05784, 0.09776]
or
= [5.784%, 9.776%]

B).
Because this static is calculated based on a random sample of business services sector of publicly traded companies only.

Tags
  Branch Offices   Temporary Offices   Shared Offices   Commercial Space   Office Space   Business Services   Business Address   Call Forwarding   Call Handling   Answering Service   Telephone Answering   Mail Forwarding
Related information
  • I need to know if there is such a thing as an IVR machine? other then an IVR service?

    here we go!! ...

  • I need a name for a mobile powder coating business?

    Make sure people can find the name when they do a normal search in a phone book. In other words, make sure the first 2 words are "Power Coat." Power Coat To Go would work. It's no...

  • The question I have for you is what is this business of having Muslim kids sing in a Christian service?

    There are so many people that I hung around when I was a child that had different beliefs then myself I hung out with them but keep my standards..I respect all religions and find nothing wrong with...

  • What do you think of this business idea.?

    I don't like the name and would not eat there regularly - I'm not vegan - but I think you got a good idea. I'd try building your restaurant in areas where there is a high vegan popu...

  • What are some other words to use instead of "repair?"?

    Our business offers on-site IT and network fixes for all residential & small businesses.

    ...
  • Business Plan for a dog wash.............?

    Well.....where did you get the figures in the first place? Many things aren't black and white. If you ask two experts the same question, you are like to get two different answers. The sam...

  • How to shutdown a group because of possible fraud?

    abuse form- good luck (don't hold your breath for something to be done) ...

  • How do I create a flyer?

    If you have MS Publisher you are able to do it. They have those little strips. You can usually narrow it down to the type of flyer you are looking for on the program.

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster