The NCAA is interested in estimating the difference in mean number of daily training hours for men and women athletes on college campuses.It wants 95 percent confidence and will select a sample of 10 men and 10 women for the study.The variances are assumed equal and the populations normally distributed.The sample results are:
Based on these sample data,the critical value for developing the confidence interval is z = 1.96.
Definitions:
Compensation System
A structure designed by organizations to determine how employees are remunerated for their contributions.
Intrinsic Rewards
The personal satisfaction and enjoyment derived from performing a job or completing a task, arising from within the individual rather than from external factors.
Extrinsic Rewards
External rewards given to employees for performing specific tasks or achieving certain goals, including money, bonuses, benefits, or recognition.
Optimal Reward System
is a compensation model designed to motivate employees and align their actions with organizational goals, maximizing both satisfaction and performance.
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