In a Study of Factors Affecting Whether Soldiers Decide to Reenlist

question 94

Multiple Choice

In a study of factors affecting whether soldiers decide to reenlist, 320 subjects were measured for an index of satisfaction. The sample mean is 28.8 and the sample standard deviation is 7.3. Use the given sample data to construct the 98 percent confidence interval for the population mean for level of satisfaction.

• A) [27.85, 29.75]
• B) [27.96, 29.64]
• C) [11.82, 45.78]
• D) [28.75, 28.85]
• E) [28.60, 29.00]

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Definitions:

Unemployment Insurance

A government program that provides financial assistance to unemployed workers who have lost their jobs through no fault of their own.

Automatic Stabilizers

Economic policies and programs that automatically adjust to counteract economic fluctuations without the need for government intervention.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, marked by periods of expansion and contraction in GDP.

Fiscal Drag

The negative effect on disposable income and aggregate demand when taxes do not fall in line with inflation, effectively increasing the tax burden.