James Desreumaux, VP of Human Resources of American First Banks

question 82

Multiple Choice

James Desreumaux, VP of Human Resources of American First Banks (AFB) , is reviewing the employee training programs of AFB.His staff randomly selected personnel files for 10 tellers in the southwest region, and determined that their mean training time was 25 hours and that the standard deviation was 5 hours.Assume that training times are normally distributed.The 90% confidence interval for the population variance of training times is ________.

• A)11.83 to 83.33
• B)2.37 to 16.67
• C)2.66 to 13.51
• D)13.30 to 67.67
• E)15.00 to 68.00

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Definitions:

Secured Party

A lender or creditor who has an interest, typically a lien, in the collateral offered by the debtor in a secured transaction.

Collateral

Assets that a borrower offers to a lender to secure a loan, which the lender may seize in the event of loan default.

Intangibles

Assets that lack physical form but have value, such as intellectual property or goodwill.

Literary Rights

The legal rights of authors over their creations, such as books, articles, and songs, protecting them from unauthorized use.