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SCENARIO 12-3
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.
-Referring to Scenario 12-3, suppose the director of cooperative education wants to construct both a 95% confidence interval estimate and a 95% prediction interval for X = 2.The confidence interval estimate would be the wider of the two intervals.
Time and a Half
A rate of pay that is 1.5 times the employee's normal hourly wage, typically paid for overtime work.
OASDI
Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides benefits to retired people, the disabled, and families of retired, disabled or deceased workers.
Hospital Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred during hospitalization.
OASDI
Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides retirement, survivor, and disability benefits.
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