A Random Sample of 42 College Graduates Revealed That They

question 11

Multiple Choice

A random sample of 42 college graduates revealed that they worked an average of 5.5 years on the job before being promoted. The sample standard deviation was 1.1 years. Using the 0.99 degree of confidence,what is the confidence interval for the population mean?

• A)5.04 and 5.96
• B)5.06 and 5.94
• C)2.67 and 8.33
• D)4.40 and 6.60

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Definitions:

Economic Responsibility

The obligation of businesses to contribute to the economic well-being of their communities and society as a whole.

Social Responsibility

The practice of companies taking responsibility for the impact of their activities on the environment, consumers, employees, communities, and all other stakeholders.

Stakeholders

Individuals or groups with an interest or stake in the success of a project, business, or enterprise, including customers, employees, investors, suppliers, and the community.

Ethical Issue

a problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).