THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 17

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The residents of Austin,Texas,complain that parking fines given in their city are higher than the parking fines that are given in Houston.Independent random samples of the amounts paid by residents for parking tickets in each of two cities over the last four months were obtained.Assume the population variances are equal.These amounts were as follows:

-Find the 98% confidence interval for the difference in the mean costs of parking tickets in these two cities.

• A)19.52 ± 25.37
• B)19.52 ± 20.38
• C)19.52 ± 22.77
• D)19.52 ± 22.21

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Definitions:

Job Security

The assurance or probability that an individual will keep their job without the risk of becoming unemployed.

Union Substitution

Strategies or practices implemented by an organization intending to make the formation of a labor union unnecessary by addressing worker needs directly.

Concession Bargaining

Negotiations where labor unions agree to give up previous benefits or wage increases to help a company reduce costs under economic pressure.

Globalization

The process by which businesses and other organizations develop international influence or start operating on an international scale.