Answer to Question #51304 in Statistics and Probability for Sandara

Question

a company assumes that .5% of the paychecks for a month was calculated in correctly.The company has 350 employees and examined the payroll records from one month.define the variables of interest

Answer 1

In an experimental study, variables of interest are identified. One or more of these variables, referred to as the factors of the study, are controlled so that data may be obtained about how the factors influence another variable referred to as the response variable, or simply the response.In our case the variables of interest are the number of employees and the percent of correctness of paychecks calculation.