Cinergy, a Midwestern Gas and Electric Utility, Agreed Not to Penalize

question 41

Multiple Choice

Cinergy, a midwestern gas and electric utility, agreed not to penalize workers who left the company before the age of 65 and also offered leaving employees a bonus equivalent to two weeks' pay for every year of employment with Cinergy. Cinergy is

• A) generating a pool of qualified applicants.
• B) encouraging voluntary early retirement.
• C) terminating unproductive employees.
• D) reducing the workforce through natural attrition.
• E) cutting its human resource department.

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Definitions:

Sample Statistic

A sample characteristic, such as a sample mean x, a sample standard deviation s, a sample proportion p, and so on. The value of the sample statistic is used to estimate the value of the corresponding population parameter.

Simple Random Sample

A segment of a statistical population where every individual in the segment is equally likely to be selected.

Infinite Population

A population size that is so large it is considered limitless for practical statistical purposes, often used in theoretical models.

Independently

Without being influenced or affected by other factors or variables.