Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Estimation and confidence interval . please help. MODULE 2 MAJOR OUTPUT(Simulation Case) Background: You are given the dataset representing the monthly salaries from a sample

Estimation and confidence interval . please help.

image text in transcribed
MODULE 2 MAJOR OUTPUT(Simulation Case) Background: You are given the dataset representing the monthly salaries from a sample of thirty (30) Data Scientists. You wish to find the actual average salary that a data scientist would earn. However it would be impractical to gather all the data scientist in the world to get their salary information. Hence, you settle with analyzing the sample. The population standard deviation is known to be P 15,000. Task 1: Calculate the mean and the standard error. Task 2: Find the appropriate Z-score for calculating a 90% confidence interval Task 3: Find the Confidence Interval with a confidence level of 90% P 117,313 P 113,136 P 91,986 P 112,276 P 109,714 P 89,344 P 104,002 P 80,740 P 94,868 P 108,637 P 108,833 P 114,426 P 113,038 P 100,536 P 90,745 96,818 P 115,295 P 90,410 P 101,936 P 105,057 P 5102,848 P 97,307 P 89,279 P 95, 118 P 84,560 P 87,201 P 85,927 P 114,564 P 81,720 P 113,382

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

Elementary Differential Equations And Boundary Value Problems

Authors: William E Boyce, Richard C DiPrima

10th Edition

1118475739, 9781118475737

More Books

Students also viewed these Mathematics questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago