Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. It is known that the monthly income of salaried persons in a large city are normally dis- tributed with a standard deviation of 3600

image text in transcribed
2. It is known that the monthly income of salaried persons in a large city are normally dis- tributed with a standard deviation of 3600 Rs.. (a) A random sample of 9 individuals from this population is taken and it is found that their salaries are as follows: 44000, 41000, 43000, 42500, 43500, 41500, 41000, 46500, 35000 What is the probability that the average salary of the whole salaried population in the city lies somewhere between 40025 and 43975? (b) Your friends pick a different random sample of a different size and they actually con- clude that there is a 98% chance that the average salary of the salaried population of the city lies in the interval mentioned in previous part La, 40025 and 43975. How many individuals they must have picked in their sample? Based on your data of 9 individuals given above, your team member concludes that we can say claim that the average salary of the salaried population is more than 40000. Can you make this claim at a = 0.01 signicance level? Clearly state what Null hypothesis you will use

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Birds Higher Engineering Mathematics

Authors: John Bird

9th Edition

1000353036, 9781000353037

More Books

Students also viewed these Mathematics questions

Question

6. Conclude with the same strength as in the introduction

Answered: 1 week ago

Question

7. Prepare an effective outline

Answered: 1 week ago