A Large Software Development Firm Recently Relocated Its Facilities

question 26

Multiple Choice

A large software development firm recently relocated its facilities. Top management is interested in fostering good relations with their new local community and has encouraged
Their professional employees to engage in local service activities. They wish to
Determine the average number of hours the firm's professionals volunteer per month.
They find the 95% confidence interval of 14.62 to 15.78. Which of the following is the
Correct interpretation?

• A) We are 95% confident that the average number of hours per month volunteered by
• Professionals employed with this firm is between 14.62 and 15.78.
• B) 95% of all firm's professional employees volunteer between 14.62 and 15.78 hours per
• Month.
• C) The number of hours per month volunteered by the firm's professional employees is
• Between 14.62 and 15.78 95% of the time.
• D) All of the above.
• E) None of the above.

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Definitions:

Upper Two Quintiles

Refers to the top 40% of the income distribution in a society, often considered the higher income groups.

Line L

A specific reference to a theoretical line or concept, often used in the context of graphs or models in economics or sciences. (If this isn't a real reference, this would be NO.)

Income Received

The total income or earnings received by an individual or entity within a specific period, including all sources.

Middle Three Quintiles

Refers to the second, third, and fourth quintiles of a distribution, often used in economic analysis to describe the middle segment of income earners in a population.