Question

One strategy that may have an impact on employee retention, turnover and engagement is a successful employee recognition program. Surveying small organizations, those with 500 to 2,499 employees, and large organizations, those with 10,000 or more employees, a survey organization showed that 313 (77%) of the 407 small organizations have employee retention programs as compared to 173 (88%) of the 196 large organizations. Complete parts (A) through (C).

A) Determine the value of the test statistic

B) Determine the P-Value

C) Critical values

Answer 1

A) Determine the value of the test statistic

z = -3.30

B) Determine the P-Value

0.0010

C) Critical values

+- 1.96

p1	p2	pc
0.769	0.8827	0.806	p (as decimal)
313/407	173/196	486/603	p (as fraction)
313.	173.	486.	X
407	196	603	n
	-0.1136	difference
	0.	hypothesized difference
	0.0344	std. error
	-3.30	z
	.0010	p-value (two-tailed)