Business and Management

One of the main reasons that U.S. companies shift jobs overseas is labor costs. Although the compensation gap between the United States and China has decreased recently, the tax code still rewards companies for making certain investments overseas. A recent study suggests that 4% of large companies have plans to relocate jobs back to the United States.14 Seventy-five large companies are selected, and each is surveyed to determine if it plans to move jobs back to the United States.

a. What is the population of interest?

b. What is the sample?

c. Describe the variable of interest.

d. Write a probability question and a statistics question involving this population and sample.