Household
the Following Data Was Collected by a Particular Company

question 59

Essay

Household
The following data was collected by a particular company to determine if a relationship exists between the number of people in a household and weekly food expenditures.
$$\begin{array} { | c | c | c } \hline \text { Househald } & \text { Number in Hausehald } & \text { Weakly Fadd Expenses } \\\hline 1 & 2 & \$ 95 \\\hline 2 & 3 & \$ 137 \\\hline 3 & 5 & \$ 165 \\\hline 4 & 2 & \$ 105 \\\hline 5 & 4 & \$ 227 \\\hline 6 & 4 & \$ 240 \\\hline 7 & 5 & \$ 185 \\\hline\end{array}$$
-Construct a 95% confidence interval for the mean weekly food expense when the number in household equals 3.

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Definitions:

Per-Employee Expenditures

The amount of money spent by an organization for each employee, which can cover salaries, benefits, training costs, and other related expenses.

Employee Productivity

The measurement of the efficiency of an employee or group of employees in producing goods or services.

Flatter Organizational Structures

An organizational model with fewer hierarchical levels, intended to promote better communication and faster decision-making.

Management Functions

Management functions encompass planning, organizing, leading, and controlling organizational resources to achieve strategic goals.