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TABLE 12-18
Two new different models of compact SUVs have just arrived at the market. You are interested in comparing the gas mileage performance of both models to see if they are the same. A partial computer output for twelve compact SUVs of model 1 and thirteen of model 2 is given below:
You are told that the gas mileage population distributions for both models are not normally distributed.
-Referring to Table 12-18, what is(are) the critical value(s) using a 5% level of significance?
External Equity
Refers to an organization’s compensation strategy being competitive with what other employers offer for similar jobs in the market.
Wage Curve
A graphical representation showing the relationship between the wage rate and the level of unemployment in an economy.
Relative Worth
The perceived value or importance of something in comparison to other items or factors.
Wage Rates
The fixed amount of compensation paid to an employee per unit of time, often per hour or day.
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