Exhibit 9-6 A Random Sample of 16 Students Selected from the Student

question 141

Multiple Choice

Exhibit 9-6
A random sample of 16 students selected from the student body of a large university had an average age of 25 years and a standard deviation of 2 years. We want to determine if the average age of all the students at the university is significantly more than 24. Assume the distribution of the population of ages is normal.
-Refer to Exhibit 9-6. At 95% confidence, it can be concluded that the mean age is

• A)not significantly different from 24
• B)significantly different from 24
• C)significantly less than 24
• D)significantly more than 24

Understand the value and components of formal codes of ethics in organizations.

Analyze the relationship between social responsibility and financial performance.

Understand different strategies of social responsibility and their implications.

Recognize the role of personal contacts, networks, lobbying, and public relations in influencing government decisions.

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Definitions:

Cent

A cent is a monetary unit in many countries, representing one hundredth of the base unit, such as a dollar.

Accurate

Describes something that is exact and free from errors.

Cent

A monetary unit in various countries, equal to one hundredth of a base currency like the US dollar or the Euro.

Accurate

The quality of being correct or precise, without errors or mistakes.