How total job benefits and total employee compensation offer

1 answer:

8 0

Total compensation is everything the company provides an employee in exchange for working. It includes base salary, bonuses, benefits, perks and on-site amenities.Total

You might be interested in

What is the answer it's not factor

Helen [10]

It is a divisor
hope this helps

7 0

3 years ago

Because of staffing decisions, managers of the Gibson-Marion Hotel are interested in the variability in the number of rooms occu

olchik [2.2K]

Answer:

a) $s^2 =30^2 =900$

b) $\frac{(19)(30)^2}{30.144} \leq \sigma^2 \leq \frac{(19)(30)^2}{10.117}$

$567.28 \leq \sigma^2 \leq 1690.224$

c) $23.818 \leq \sigma \leq 41.112$

Step-by-step explanation:

Assuming the following question: Because of staffing decisions, managers of the Gibson-Marimont Hotel are interested in the variability in the number of rooms occupied per day during a particular season of the year. A sample of 20 days of operation shows a sample mean of 290 rooms occupied per day and a sample standard deviation of 30 rooms

Part a

For this case the best point of estimate for the population variance would be:

$s^2 =30^2 =900$

Part b

The confidence interval for the population variance is given by the following formula:

$\frac{(n-1)s^2}{\chi^2_{\alpha/2}} \leq \sigma^2 \leq \frac{(n-1)s^2}{\chi^2_{1-\alpha/2}}$