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Author Question: A compensation specialist at a technology company wants to assess the competitiveness of the ... (Read 470 times)

Cooldude101

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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
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Marked as best answer by Cooldude101 on Aug 31, 2019

perkiness

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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.
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alicia reiners

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Reply #2 on: Mar 30, 2020
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