A Company Compared the Variance of Salaries for Employees Who

question 98

Essay

A company compared the variance of salaries for employees who have been employed for 5 years or less with employees who have been employed for 10 years or more. They randomly selected 21 employees with 5 years or less experience and 15 employees with 10 years or more experience. The standard deviation for the group with 5 years or less experience was $2,225; the standard deviation for the group with 10 years or more experience was $1,875. Using the 0.05 significance level, what is the F critical value for the hypothesis test?

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Definitions:

Gossip

Informal or idle talk about others, typically involving details that are not confirmed as being true.

Grapevine

An informal communication channel within an organization, where information is spread through personal contacts and conversations rather than through official means.

Power And Influence

The capacity or ability of a person or group to direct or affect the behavior of others or the course of events.

Pent-up Emotions

Refers to feelings that have been repressed or not expressed for a long period, which could potentially lead to psychological stress or emotional outbursts.