00:01
Hey there, welcome to numerade.
00:04
So we have some companies that offer a 401k for a retirement plan.
00:12
So where they match 50 % of the employee's contribution, up to 6 % of their salary.
00:20
So one company is concerned that they believe they receive a low employee participation rate, sample 30 other companies with similar plans, and asked their projections.
00:31
So if we break this down here, we're basically asked to see what is the variable of interest.
00:43
Variable of interest.
00:50
So if we look at what we're given, we're given a sample size of 30 other companies where the person here asked for their participation rate.
01:12
For the reason that they believe here, they believe that they believe that they, that they are receiving a low rate.
01:29
Okay, receiving a low rate...