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A random sample of 26 people employed by the Florida state authority established they earned an average wage (including benefits) of $69.00 per hour. The
A random sample of 26 people employed by the Florida state authority established they earned an average wage (including benefits) of $69.00 per hour. The sample standard deviation was $5.78 per hour. (Uset Distribution Table.) |
a. | What is the best estimate of the population mean? |
Estimated population mean | $ |
b. | Develop a 98% confidence interval for the population mean wage (including benefits) for these employees.(Round your answers to 2 decimal places.) |
Confidence interval for the population mean wage is betweenand. |
c. | How large a sample is needed to assess the population mean with an allowable error of $1.00 at 99% confidence?(Round up your answer to the next whole number.) |
Sample size |
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