Examlex

Solved

Applicants for a Particular Job,which Involves Extensive Travel in Spanish-Speaking

question 30

Multiple Choice

Applicants for a particular job,which involves extensive travel in Spanish-speaking countries,must take a proficiency test in Spanish.The sample data below were obtained in a study of the relationship between the numbers of years applicants have studied Spanish and their score on the test.A 95% confidence interval for the mean score of all applicants who have studied Spanish for 2.5 years was determined to be (53.0,64.6) .Give an interpretation of this interval.  Variable  Count  Mean  StdDev  Range  Years 103.50.3415653 Score 1069.74.08805841\begin{array} { l l l c c } \text { Variable } & \text { Count } & \text { Mean } & \text { StdDev } & \text { Range } \\\text { Years } & 10 & 3.5 & 0.341565 & 3 \\\text { Score } & 10 & 69.7 & 4.088058 & 41\end{array} Dependent variable is: Score R-squared = 83.0%
S = 5.65138 with 10 - 2 = 8 degrees of freedom  Variable  Coefficient  SE(Coeff)   t-ratio  P-value  Constant 31.533336.3604184.9577450.00111 Number of years 10.904761.7440546.2525380.000245\begin{array} { l l l l l } \text { Variable } & \text { Coefficient } & \text { SE(Coeff) } & \text { t-ratio } & \text { P-value } \\\text { Constant } & 31.53333 & 6.360418 & 4.957745 & 0.00111 \\\text { Number of years } & 10.90476 & 1.744054 & 6.252538 & 0.000245\end{array}


Definitions:

Financial Projections

Estimates of future revenue, expenses, and financial performance of a business.

GDP Averages

A statistical measure that represents the average value of the gross domestic product over a specified period, indicating the economic health of a country.

Consumer Demographic

Characteristics of consumers, such as age, gender, income, and education, used for market segmentation.

Business Plan

A detailed document that outlines the objectives, strategies, financial projections, and operational guidelines for a new or existing business.

Related Questions