Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A magazine published a study of subscribers salaries. The 229 subscribers sampled had a mean salary of 116,710 and a standard deviation of 39,025. Suppose

A magazine published a study of subscribers salaries. The 229 subscribers sampled had a mean salary of 116,710 and a standard deviation of 39,025. Suppose the goal of the study is to estimate the true mean salary of all subscribers. The magazine has 2,126 total subscribers.

a. Estimate the mean with an approximate 95% confidence interval.

The magazine estimates the true mean salary of each subscriber to be in the interval $ to $ with 95% confidence.

Round to the nearest dollar as needed.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer Given n 229 X mean 116710 Standard deviation s 39015 N 2... 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_2

Step: 3

blur-text-image_3

Document Format ( 2 attachments)

PDF file Icon
635e3adc1378a_182583.pdf

180 KBs PDF File

Word file Icon
635e3adc1378a_182583.docx

120 KBs Word File

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

Introductory Statistics

Authors: Prem S. Mann

8th Edition

9781118473986, 470904100, 1118473981, 978-0470904107

More Books

Students also viewed these Accounting questions

Question

Refer to Exercise 5. Compute a 95% t CI for .

Answered: 1 week ago