SCENARIO 13-3 The Director of Cooperative Education at a State College Wants

question 3

Short Answer

SCENARIO 13-3
The director of cooperative education at a state college wants to examine the effect of cooperative education job experience on marketability in the work place.She takes a random sample of 4 students.For these 4,she finds out how many times each had a cooperative education job and how many job offers they received upon graduation.These data are presented in the table below.

-Referring to Scenario 13-3,suppose the director of cooperative education wants to construct a 95% confidence interval estimate for the mean number of job offers received by students who have had exactly one cooperative education job.The confidence interval is from _____ to _____ .

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Definitions:

Currency

Currency is a system of money in general use in a particular country, facilitating the buying and selling of goods and services.

Cash Shortage

A Cash Shortage occurs when the actual cash on hand is less than the expected amount, often due to errors or theft.

Petty Cash Account

A small amount of cash kept on hand for making minor business expenses, managed through a system of vouchers for tracking.

Receipts

Documents that acknowledge the receipt of goods or services or the receipt of money.