SCENARIO 8-5 a Sample of Salary Offers (In Thousands of Dollars)given to Dollars)given

question 79

True/False

SCENARIO 8-5
A sample of salary offers (in thousands of dollars)given to management majors is: 48,51,46,52,47,48,47,50,51,and 59.Using this data to obtain a 95% confidence interval resulted in an interval from 47.19 to 52.61.
-Referring to Scenario 8-5,a 99% confidence interval for the mean of the population from the same sample would be wider than 47.19 to 52.61.

---

Definitions:

Adaptability

The ability to adjust or change in response to new conditions or environments.

Flexibility

Easily bent, compliant, yielding to persuasion.

Motivated

Having a strong reason to act or accomplish something; driven by certain goals or desires.

Takes Initiative

The act of taking the first step or move in a process without being asked or told to, often showing leadership or the willingness to begin tasks independently.