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TABLE 8-6
A sample of salary offers (in thousands of dollars) given to management majors is: 28, 31, 26, 32, 27, 28, 27, 30, 31, and 29. Using this data to obtain a 95% confidence interval resulted in an interval from 27.5 to 30.3.
-Referring to Table 8-6, the confidence interval obtained is valid only if the distribution of the population of salary offers is normal.
Duty Ethics
A branch of ethics focused on the duties or moral obligations individuals have towards others, emphasizing the rightness of actions over their consequences.
Rightness
The quality or state of being morally correct, just, or honorable.
Action
The process or state of acting or doing something towards achieving a goal.
Business Strategy
A plan of action or set of decisions aimed at achieving specific business objectives and gaining a competitive advantage.
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