Data Were Collected on Annual Personal Time (In Hours) Taken

question 24

Multiple Choice

Data were collected on annual personal time (in hours) taken by a random sample of 16 women and 20 men employed by a medium-sized company. The women took an average
Of 24.75 hours of personal time per year with a standard deviation of 2.84 hours. The men
Took an average of 20.5 hours of personal time per year with a standard deviation of 2.75
Hours. The pooled estimate of the variance is

• A) 264.6715
• B) 2.790
• C) 7.785
• D) 12.998
• E) None of the above.

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Definitions:

Capital Section

Part of a company’s balance sheet that details the funding provided by owners and investors, including paid-in capital and retained earnings.

Revenue Section

Part of the income statement that details the amounts earned from normal business operations, excluding expenses to calculate gross profit.

Asset Section

Part of a balance sheet that lists a company's assets, including current and non-current (or long-term) assets.

Oral Agreement

A contract or agreement made through spoken communication rather than in writing, yet legally binding in many cases.