A Random Sample of 30 Executives from Companies with Assets

question 68

Multiple Choice

A random sample of 30 executives from companies with assets over $1 million was selected and asked for their annual income and level of education. The ANOVA comparing the average income among three levels of education rejected the null hypothesis. The mean square error (MSE) was 243.7. The following table summarized the results: When comparing the mean annual incomes for executives with undergraduate and master's degrees or more, which of the following 95% confidence interval can be constructed?

• A) 2.0 ± 2.052 * 6.52
• B) 2.0 ± 3.182 * 6.52
• C) 2.0 ± 2.052 * 42.46
• D) 2.0 ± 3.182 * 42.46

Identify the main advantages of using flexible benefit programs for both employers and employees.

Describe various voluntary employee insurance benefits.

Understand the purpose and impact of benefit audits.

Comprehend the significance of benefits for different groups of employees.