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As an Aid to the Establishment of Personnel Requirements, the Director

question 141

Multiple Choice

As an aid to the establishment of personnel requirements, the director of a hospital wishes to estimate the mean number of people who are admitted to the emergency room during a 24-hour period. The
Director randomly selects 64 different 24-hour periods and determines the number of admissions for
Each. For this sample, Xˉ=396 and S=100\bar { X } = 396 \text { and } S = 100 . Which of the following assumptions is necessary in
Order for a confidence interval to be valid?


Definitions:

Automated Collection

The use of computerized systems to gather debts or receivables efficiently, often used by financial institutions and collection agencies.

Short-swing Profits Rule

A regulation intended to prevent insider trading by requiring company insiders to return any profits made from the purchase and sale of company stock within a six-month period.

1934 Act

The Securities Exchange Act of 1934, which governs the trading of securities in the U.S., establishes the Securities and Exchange Commission (SEC), and mandates reporting by publicly traded companies.

Short-swing Profits Rule

A regulation intended to prevent insiders of a company from taking advantage of non-public information for quick financial gains by buying and selling their own company's stock within a six-month period.

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