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The owner of Kat Motel wants to develop a time standard for the task of cleaning a cat cage. In a preliminary study, she observed one of her workers perform this task six times, with the following results: How many observations should be made if she wants to be 95.44 percent confident that the maximum error in the observed time is two seconds? Assume that the standard deviation of the task time is six seconds.
Labor-Capital
The relationship or ratio between the labor force and the amount of capital investment in an economy or production process.
National Income
The total value of all goods and services produced by a country over a specific period, accounting for income earned domestically and abroad.
Labor Force
All the members of a particular organization or population who are able to work, viewed collectively.
Unionized
Describes a workplace or workforce that is represented by one or more labor unions, which negotiate wages, work rules, and working conditions.
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