Instruction 12 -Referring to Instruction 12

question 97

Essay

Instruction 12.3
The director of cooperative education at a university wants to examine the effect of cooperative education job experience on marketability in the workplace. She takes a random sample of four students. For these four, she finds out how many times each had a cooperative education job and how many job offers they received upon graduation. These data are presented in the table below.
$$\begin{array} { | l | l | l | } \hline \text { Student } & \text { Coop jobs } & \text { job Offer } \\\hline 1 & 1 & 4 \\\hline 2 & 2 & 6 \\\hline 3 & 1 & 3 \\\hline 4 & 0 & 1 \\\hline\end{array}$$
-Referring to Instruction 12.3,set up a scatter diagram.

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Definitions:

Markup Percentage

Markup percentage is a measure of how much the selling price of an item or service exceeds its cost, expressed as a percentage of the cost.

Variable Cost Concept

The principle that costs vary in proportion to the level of production or business activity, meaning they increase with more output and decrease with less output.

Engineering Change Order

A documented instruction that outlines the proposed changes in the details of an engineering project or product.

Product Change

The process of modifying or enhancing a product's features, design, or specifications to improve its appeal or functionality.