Use the Data Given Below to Answer the Following Questions)

question 25

Essay

Use the data given below to answer the following questions).
Following is an extract from a firm's database detailing the number of hours spent on the job by employees and their corresponding pay. Note: Assume a level of significance of 0.05 wherever necessary.) $$\begin{array} { | c | c | } \hline \text { Hours spent on the job } & \text { Salary } \$ \mathbf { ~ } \\\hline 4 & 340 \\\hline 12 & 850 \\\hline 7 & 570 \\\hline 5 & 470 \\\hline 11 & 820 \\\hline 8 & 610 \\\hline 9 & 630 \\\hline 13 & 900 \\\hline 10 & 800 \\\hline 6 & 480 \\\hline\end{array}$$
-Interpret the confidence intervals.

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Definitions:

Liquidated Damages

A predetermined amount of money stipulated within a contract that one party will pay to the other in the event of a breach.

EEOC

The Equal Employment Opportunity Commission (EEOC) is a federal agency that administers and enforces civil rights laws against workplace discrimination in the United States.

BFOQ Defense

Stands for "Bona Fide Occupational Qualification," it is a defense used by employers to justify discrimination that is reasonably necessary to the normal operation of a particular business.

Title VII Liability

Liability under Title VII of the Civil Rights Act of 1964, which prohibits employment discrimination based on race, color, religion, sex, or national origin.