Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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According to the American Management Association, most U.S. companies now test at least some employees and job applicants for drug use. The U.S. National Institute on Drug Abuse claims that about 15% of people in the 18-25 age bracket use illegal drugs. Allyn Clark, a 21 year-old college graduate, applied for a job at the Acton Paper Company, took a drug test, and was not offered a job. He suspected that he might have failed the drug test, even though he does not use drugs. In checking with the company's personnel department, he found that the drug test has 99% sensitivity, which means that only 1% of drug users incorrectly test negative. Also, the test has 98% specificity, meaning that only 2% of nonusers are incorrectly identified as drug users. Allyn felt relieved by these figures because he believed that they reflected a very reliable test that usually provides good results. But is this really true? The accompanying table shows data for Allyn and 1,999 other job applicants. Based…
Texas is home to more than one million undocumented immigrants, and most of them are stuck in low-paying jobs. Meanwhile, the state also suffers from a lack of skilled workers. The Texas Workforce Commission estimates that 133,000 jobs are currently unfilled, many because employers cannot find qualified applicants (The Boston Globe, September 29, 2011). Texas was the first state to pass a law that allows children of undocumented immigrants to pay in-state college tuition rates if they have lived in Texas for three years and plan to become permanent residents. The law passed easily back in 2001 because most legislators believed that producing college graduates and keeping them in Texas benefits the business community. In addition, since college graduates earn more money, they also provide the state with more revenue. Carol Capaldo wishes to estimate the mean hourly wage of workers with various levels of education. She collects a sample of the hourly wages (in $) of 30 workers with a…
i’m sooo lost on how to do this question.
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