Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A random sample of 30 executives from companies with assets over $1 million was selected and asked for their annual income and level of education.

A random sample of 30 executives from companies with assets over $1 million was selected and asked for their annual income and level of education. The ANOVA comparing the average income among three levels of education rejected the null hypothesis. The Mean Square Error (MSE) was 243.7. The following table summarized the results:

High School or Less Undergraduate Degree Master's Degree or More

Number Sampled 7 11 12

Mean Salary (1,000s) 49 76.3 78.3

When comparing the mean annual incomes for executives with undergraduate and master's degrees ormore, the following 95% confidence interval can be constructed:

Select one:

a. 2.0 2.052 * 6.52

b. 2.0 3.182 * 6.52

c. 2.0 2.052 * 42.46

d. 2.0 3.182 * 42.46

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_2

Step: 3

blur-text-image_3

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

Trigonometry

Authors: Mark Dugopolski

4th Edition

0321915496, 9780321915498

More Books

Students also viewed these Mathematics questions

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago