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 with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

College Physics Reasoning and Relationships

Authors: Nicholas Giordano

2nd edition

978-0840058195

Students also viewed these Mathematics questions