A Random Sample of 13 Hotels in Boston Had an Average

question 5

Multiple Choice

A random sample of 13 hotels in Boston had an average nightly room rate of $172.10 with a sample standard deviation of $23.90. The approximate standard error of the mean for this sample is --------.

• A)6.62
• B)14.16
• C)13.84
• D)11.56

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Definitions:

Open-Door Policy

A management approach where executives encourage open communication and feedback from employees at all levels within the organization.

Consistent

Characterized by steadiness, reliability, and uniformity in decision-making, actions, or performance over time.

Progressive Discipline

A method of employee discipline that uses a graduated range of responses to employee misconduct or poor performance, from mild to severe.

Positive Discipline

A method of teaching and enforcing behavioral standards that focuses on encouragement and positive reinforcement rather than punishment.