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

question 59

Essay

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. $\begin{array} { l l l } \text {Student }& \text { Coop Jobs }& \text { Job Offer}\\1 & 1 & 4 \\ 2 & 2 & 6 \\ 3 & 1 & 3 \\ 4 & 0 & 1 \end{array}$
-Referring to Scenario 12-3, the director of cooperative education wanted to test the hypothesisthat the population slope was equal to 0.The denominator of the test statistic is s $b$ 1.The value ofs in this sample is _. $b$ 1

---

Definitions:

Horizontal Demand Curve

A demand curve characterized by a constant price for varying quantities demanded, indicating perfect elasticity.

Large Number

A large number refers to an amount or quantity significantly above average or normal, often used in various contexts to indicate magnitude or scale.

Marginal Decision Rule

An economic principle which suggests that action should continue until marginal benefit equals marginal cost, optimizing resource allocation.

Downward-Sloping Demand

A representation of the relationship between the price of a good and the quantity demanded, illustrating that as price decreases, demand typically increases.