Cholesterol Levels Over 200 CI Questions

Cholesterol Levels Over 200 CI Questions

You are told that a random sample of 150 people from Manchester New Hampshire have been given cholesterol tests, and 60 of these people had levels over the “safe” count of 200.

Using Excel, construct a 95% confidence interval for the population proportion of people in New Hampshire with cholesterol levels over 200.

Note: Note that this question requires confidence interval for a proportion, the interval that is likely to capture the proportion of all population members’ that satisfy a specified property. Do you remember the formula? If not, here it is:
p estimate + – z-critical value X sqrt (p estimate (1-p estimate)/n)

Also note that, for population proportion, we use z-multiple not the t-multiple. So you can ask, where is the population standard deviation? You don’t need it. Look at the formula.

Is Business Power Too Great Paper

Requirements:

Write a paper in discussing the findings on your specific topic in your own words.

Structure your paper as follows:

Overview describing the importance of the research topic to current business and professional practice in your own words.

Purpose of Research should reflect the potential benefit of the topic to the current business and professional practice and the larger body of research.

Question:  As an employee, with which type of power would you be most concerned? Why?

TOPIC:

Is Business Power Too Great?

The “business system,” that totality of all businesses in a nation or the world, is said to be one of the most powerful institutions known to humankind. The other major candidates for this honor are typically government and the military. One of the most often repeated accusations about large businesses is that they have too much power.

It is also claimed that they abuse this power. Business power is the ability to produce an effect—to get things done and to bring about its desired state of affairs. It’s about business getting its way. One way of thinking about business power is to frame it in terms that analysts have claimed are relevant in understanding power. John French and Bertram Raven have argued that business has five types of power: coercive power, legitimate power, reward power, referent power, and expert power.

Each of these may be thought of from the perspective of a large business. Coercive power occurs when a manager in authority forces someone to do something—usually with some threat of punishment. Legitimate power exists when a person in the chain of command has a title or position that implies he or she has the authority to take some action.

Reward power is manifested when a boss uses rewards to get things done. The rewards may not only be monetary, such as pay increases and promotions, but may also be psychological, such as praise. The flip side of reward is punishment and it is part of reward power as well. Referent power is gained by leaders due to others admiring him or her as a role model. Finally, Expert power arises when someone becomes highly regarded due to their superior training, expertise, and/or experience.

1. Which type of power do businesses display the most? Give an example.
2. As an employee, with which type of power would you be most concerned? Why?
3. As a consumer, with which type of power would you be most troubled? Why?
4. Have you been the “victim” of business power? Explain.
5. Is business power too great? Does business abuse its’ power

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