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 546 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?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

The fruits of DNA technology, made possible by bacterial genetics The fruits of DNA technology, made possible by bacterial genetics
Assess the nailbeds' configuration Assess the nailbeds' configuration
Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t
A step stool can be used to assess the ability to use steps. A step stool can be used to assess the ability to use steps.
Integrating Educational Technology into Teaching, 6th Edition Integrating Educational Technology into Teaching, 6th Edition
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: Epidural Hematoma

For a complete list of videos, visit our video library