Fortune magazine reported the results of a survey on executive training that was conducted by the Association of Executive SearchConsultants. The survey showed that 75 percent of 300 polled CEOs believe that companies should have "fast-track trainingprograms" for developing managerial talent.(a) Suppose we wish to use the results of this survey to justify the claim that more than 70 percent of CEOs believe that companiesshould have fast-track training programs. Assuming that the 300 surveyed CEOs were randomly selected, and assuming, for the sakeof argument, that 70 percent of CEOs believe that companies should have fast-track training programs (that is, p= .70), calculate theprobability of observing a sample proportion of .75 or more. That is, calculate P(2.75). (Round your answer to u to 2 decimal places.Round your final answers to 4 decimal places. Do not round the intermediate calculations.)H_(p-hat)o_(p-hat)P((p-hat) ≥ 0.75)(b) Based on the probability you computed in part a, would you conclude that more than 70 percent of CEOs believe that companiesshould have fast-track training programs?O YesO No

Answered: Image /qna-images/answer/00dd653f-9a03-4ecd-b74f-9fd00e09f332.jpg

Answered: rtune magazine reported the results of…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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