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A sales and marketing management magazine conducted a survey on salespeople cheating on their expense reports...

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Basic Math

A sales and marketing management magazine conducted a survey onsalespeople cheating on their expense reports and other unethicalconduct. In the survey on 200 managers, 58% of the managers havecaught salespeople cheating on an expense report, 50% have caughtsalespeople working a second job on company time, 22% have caughtsalespeople listing a “bar” as a restaurant on an expense report,and 19% have caught salespeople giving a kickback to a customer. Toconvert the data into useful information, construct a 95%confidence interval estimate of the population proportion ofmanagers who have caught salespeople cheating on an expense report,determine the critical value, and sampling error. Explain whatmanagement can learn from the 95% confidence interval estimate ofthe population proportion of managers who have caught salespeoplecheating on an expense report.

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