A Sample of 50 Students Was Asked How Much Time

question 43

Short Answer

A sample of 50 students was asked how much time they spend on average a week in front of a computer. The sample mean and sample standard deviation were 15.8 and 2.7 hours, respectively. Estimate with 95% confidence interval the mean number of hours students spend in front of a computer a week.

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Definitions:

Regression Analysis

A statistical method used for estimating the relationships among variables, particularly for analyzing the impact of one or more independent variables on a dependent variable.

Market-Pay-Rate Data

Information regarding the average compensation paid for a specific job or skill in the labor market, used by organizations to ensure competitive and fair wage practices.

Compa-Ratio

A metric comparing an individual's salary to the average for their job or level within the organization, indicating relative pay position.

Broadband Pay Structure

A compensation system that consolidates a large number of pay grades into fewer broad bands, offering flexibility in managing employee salaries.