Past Experience of a Large Manufacturing fiRm with Administering a Test

question 70

Multiple Choice

Past experience of a large manufacturing firm with administering a test to recent college graduates
Who had applied for a job revealed that the mean test score was 500, and the standard deviation
Was 50. The distribution of the test scores was normal. Based on this experience, management is
Considering placing a person whose score is in the upper 6 percent of the distribution directly into a
Responsible position. What is the lowest score a college graduate must earn to qualify for a
Responsible position?

• A) 50
• B) 625
• C) 460
• D) 578

Realize the importance of framing the research question correctly to choose the appropriate type of hypothesis test.

Comprehend the relationship between sample size, standard deviation, and the z* value when computing the margin of error.

Critically evaluate the validity of confidence intervals based on their construction and underlying assumptions.

Understand how to interpret IR spectroscopy data to identify functional groups in organic compounds.

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Definitions:

Credit

Receiving money, goods, or services on the basis of an agreement between the lender and the borrower that the loan is for a specified period of time with a specified rate of interest.

Sale

The exchange of goods or services for money or other consideration.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.

Budgets

Financial plans that outline an organization's revenue, expenditures, and investment strategies for a specific period.