SCENARIO 12-3
the Director of Cooperative Education at a State $\begin{array} {ccc}\text { Student } & \text { Coop Jobs } & \text {Job Offer }\\ 1 & 1 & 4 \\ 2 & 2 & 6 \\ 3 & 1 & 3 \\ 4 & 0 & 1 \end{array}$

question 11

Short Answer

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. $\begin{array} {ccc}\text { Student } & \text { Coop Jobs } & \text {Job Offer }\\ 1 & 1 & 4 \\ 2 & 2 & 6 \\ 3 & 1 & 3 \\ 4 & 0 & 1 \end{array}$
-Referring to Scenario 12-3, the director of cooperative education wanted to test the hypothesis that the population slope was equal to 0.The value of the test statistic is _.

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Definitions:

Government Act

A piece of legislation that has been passed by a legislative body, such as a parliament or congress, and formally enacted into law.

Phillips Curve

A theoretical inverse relationship between rates of unemployment and corresponding rates of inflation, suggesting that inflation rises as unemployment falls, and vice versa.

Aggregate Demand

The aggregate demand for every good and service within a certain economy or market.

Long-run Phillips Curve

A concept suggesting that in the long term, there is no trade-off between inflation and unemployment, implying the curve is vertical at the natural rate of unemployment.