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A large number of companies are trying to reduce the cost of prescription drug benefits by requiring employees to purchase drugs through a mandatory mail-order program. Suppose a large national retail company is considering requiring a mandated mail order program. The company is concerned about employee attitude and satisfaction levels and wishes to determine employee attitude regarding such a mail order prescription program. The company will move to the mail order system if more than 50% of the surveyed employees provide positive feedback on the program. The company disseminates information on the program and randomly surveys 600 employees. The results showed 310 employees favored the plan while the remainder of the surveyed employees responded unfavorably. Answer the following questions:
A. Perform the appropriate test to determine if more than 50% of the company’s employees favored the mail-order prescription program. Perform the test using the P-VALUE method. Use an alpha of .05 and be sure to show all required steps.
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Write My Essay For MeB. Define a Type I Error for this problem. Be specific – generic definitions will not be accepted.
