TABLE 13-3
the Director of Cooperative Education at a State

question 140

Short Answer

TABLE 13-3
The director of cooperative education at a state college wants to examine the effect of cooperative education job experience on marketability in the work place. She takes a random sample of 4 students. For these 4, she finds out how many times each had a cooperative education job and how many job offers they received upon graduation. These data are presented in the table below.
$$\begin{array} { l l l } \hline \text { Student } & \text { CoopJobs } & \text { JobOffer } \\\hline 1 & 1 & 4 \\2 & 2 & 6 \\3 & 1 & 3 \\4 & 0 & 1\end{array}$$
-Referring to Table 13-3, suppose the director of cooperative education wants to obtain a 95% prediction interval for the number of job offers received by a person who has had exactly two cooperative education jobs. The t critical value she would use is_____ .

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Definitions:

Circumstances

The conditions or facts affecting a particular event or situation, often influencing the outcome or actions of individuals.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on.

Scarce Goods

Products or resources that are limited in availability and cannot meet all the demands of consumers.

Comparative Advantage

The ability of a country or firm to produce a specific good or service at a lower opportunity cost than its competitors.