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The Following Data Represent Scores on a 15-Point Aptitude Test

question 176

Essay

The following data represent scores on a 15-point aptitude test: 8, 10, 15, 12, 14, and 13. Subtract 5 from every observation and compute the sample mean for both the original data and the new data. What effect, if any, does subtracting 5 from every observation have on the sample mean?


Definitions:

Profit Maximization

The process by which a firm determines the price and output level that returns the greatest profit, considering the cost and demand functions.

Human Capital

The grouped skillset, awareness, or subtle properties of individuals that can be utilized to create financial benefits for the individuals, the organizations they work for, or their local communities.

Discriminated

Treated unfairly or prejudicially against an individual or group based on characteristics such as race, age, sex, or religion.

Performance Reviews

Formal assessments where an employee's job performance is evaluated, typically by their manager, against agreed standards.

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