This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A compensation specialist at a technology company wants to assess the competitiveness of the ... (Read 573 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Aug 31, 2019
A compensation specialist at a technology company wants to assess the competitiveness of the salaries at his firm. He needs to know the mean salary of the firm's employees. He checks all the employee salaries using company records, and he used his computer to create a 95% confidence interval based on a t-distribution. This procedure was not appropriate. Why?
◦ The population standard deviation is known, so he should have used a z-model.
◦ Since these employees are from only one firm, the salaries may be skewed.
◦ The entire population of employees was gathered so there is no reason to do inference.
◦ At a given firm, employees are not randomly selected.
◦ The CEO's salary is probably an outlier.
Stats: Modeling the World ¦ Bock, Velleman, De Veaux ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Cooldude101 on Aug 31, 2019

perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Aug 31, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


alicia reiners

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Mar 30, 2020
thank u


Don’t Worry Bout It

  • Newbie
  • *
  • Posts: 2
Reply #3 on: Apr 6, 2020
Thank you!


nancy ediagbonya

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Apr 26, 2020
Thank you


allison kelley

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Apr 30, 2020
thank you


greyson

  • Newbie
  • *
  • Posts: 2
Reply #6 on: May 6, 2020
thank you
« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Newspapers and Technology Newspapers and Technology
Irrigation Technology Can Conserve Water Irrigation Technology Can Conserve Water
Li-Fi Technology Li-Fi Technology
Integrating Educational Technology into Teaching, 6th Edition Integrating Educational Technology into Teaching, 6th Edition
RFID technology RFID technology
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library