Need by Friday.
For most of this class, you have been working with the following situation:
ABC Enterprises is a growing company in which employees must frequently travel by car for business a few times each week. Currently, each employee is allotted 30 dollars each travel day to cover all meals. Sales employees often travel in a 1.5-hour radius of the office and frequently have multiple appointments each week. They have complained that that dollar amount for food is not enough, especially on days with multiple meetings. A survey, given by the CEO, was taken to get a sense of what the employees recommended for a new allotment. Although not all responded, the response rate was pretty good – 67%. Note: The 30 dollars is for food. Gas is a different amount given to the employees – please do not assume the 30 dollars includes fuel.
This discussion summarizes what you have learned from our discussions.
· What evidence, if any, supports the claim that 30 dollars/day is insufficient to cover all three meals?
· Why can’t we just use the sample data and say it’s the same as the population data? Why did we have to make confidence intervals and do hypothesis tests?
· Why is organization of data essential in statistics?
· What kinds of skills that you needed/learned in this class would you be able to use in a business situation in your field?
· If you were the decision-maker in ABC Enterprises, what would you do with the meal allotment? Why?
