Question: Contract negotiations between a labor union and management can be contentious and long affairs. The length of negotiations depends upon the labor/management relationship, contract issues,
Contract negotiations between a labor union and management can be contentious and long affairs. The length of negotiations depends upon the labor/management relationship, contract issues, and economic conditions. Suppose independent random samples of contract negotiations involving airline carriers were obtained, and the duration of each (in months) was recorded. The summary statistics are given in the following table.
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