Use the data given to compute a 92% confidence interval

Posted on 2013-10-16 15:36:00 in Statistics by ALASTAIR SANDMAN

Coopers & Lybrand surveyed 210 Chief executives of fast-growing small companies. Only 51% of these executives had a management successions plan in place. A spokesperson for Cooper & Lybrand said that many companies do not worry about management succession unless it is an immediate problem. However, the unexpected exit of a corporate leader can disrupt and unfocus a company for long enough to cause it to lose its momentum.

Use the data given to compute a 92% confidence interval to estimate the proportion of all fast-growing small companies that have a management succession plan. 

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