A Random Sample of Size 15 Is Taken from a Population

question 120

Multiple Choice

A random sample of size 15 is taken from a population assumed to be normal,and $\bar { X }$
= 1) 2 and the sample variance is .36.Calculate a 99 percent confidence interval for ?.

• A) \([ .923 \quad 1.477 ]\)
• B) \(\left[ \begin{array} { l l }
• .794 & 1.607
• \end{array} \right]\)
• C) \(\left[ \begin{array} { l l }
• .801 & 1.600
• \end{array} \right]\)
• D) \(\left[ \begin{array} { l l }
• .739 & 1.661
• \end{array} ]\right.\)

Understand the concept of performance-based pay and its impact on organizational and employee performance.

Analyze the factors influencing the effectiveness of performance-based compensation systems.

Identify the types of performance-based pay plans and their suitability for different organizational contexts.

Assess the role of fairness and discrimination in performance-based pay systems.

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