A Compensation Specialist at a Technology Company Wants to Assess

question 56

Multiple Choice

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?

• A) Since these employees are from only one firm, the salaries may be skewed.
• B) The entire population of employees was gathered so there is no reason to do inference.
• C) At a given firm, employees are not randomly selected.
• D) The CEO's salary is probably an outlier.
• E) The population standard deviation is known, so he should have used a z-model.

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Definitions:

Social Honor

The prestige, respect, or esteem that an individual or group receives from others within a society, often based on their actions, achievements, or social standing.

Stratification Theory

A sociological perspective that focuses on the structured social inequality or hierarchical layers of society, influenced by factors such as class, race, and gender.

Functionalism

A sociological perspective that emphasizes the interdependence of all parts of a society and how different elements function to maintain social order and stability.

Symbolic Interactionist

A perspective in sociology that focuses on the significance of symbols and details of everyday life, how people interact with each other, and how they interpret each other's actions.