Samples of Employees of Companies a and B Provided the Following

question 80

Essay

Samples of employees of Companies A and B provided the following information regarding the ages of employees.

Develop a 97% confidence interval for the difference between the average ages of the employees of the two companies.

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Definitions:

Binding Contract

An agreement between two or more parties that is enforceable by law, where all parties have agreed to the terms through offer and acceptance.

Contractual Capacity

The legal ability of a person to enter into a binding contract.

Form a Contract

The process of creating a legally binding agreement between two or more parties.

Consideration

The benefit which is bargained for between the parties and is the essential reason for a party entering into a contract.