TABLE 8-1 The Managers of a Company Are Worried About the Morale

question 15

Short Answer

TABLE 8-1
The managers of a company are worried about the morale of their employees. In order to determine if a problem in this area exists, they decide to evaluate the attitudes of their employees with a standardized test. They select the Fortunato test of job satisfaction, which has a known standard deviation of 24 points.
-Referring to Table 8-1, due to financial limitations, the managers decide to take a sample of 45 employees. This yields a mean score of 88.0 points. A 90% confidence interval would go from ________ to ________.

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Definitions:

Variable

An element, feature, or factor that is liable to vary or change.

Segmented Income Statement

A financial statement that breaks down revenue, expenses, and profits by specific segments, departments, or products within a company.

Contribution Format

A method of income statement presentation where all variable costs are subtracted from sales to find the contribution margin, followed by the deduction of fixed costs to determine net operating income.

Traceable Fixed Expenses

Fixed costs directly associated with a specific department or product, which would disappear if the department or product were eliminated.