Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A university plans on conducting a survey of its recent graduates to determine information on their yearly salaries. It randomly selected 200 recent graduates and

A university plans on conducting a survey of its recent graduates to determine information on their yearly salaries. It randomly selected 200 recent graduates and sent them questionnaires dealing with their present jobs. Of these 200, however, only 86 questionnaires were returned. Suppose that the average of the yearly salaries reported was $75,000. a. Would the university be correct in thinking that $75,000 was a good approximation to the average salary level of all its graduates? Why? b. If your answer to Part a above is no, can you think of any set conditions relating to the group that returns questionnaires for which $75,000 would be a good approximation

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

An Introduction to Measure Theoretic Probability

Authors: George G. Roussas

2nd edition

128000422, 978-0128000427

More Books

Students also viewed these Mathematics questions