Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Next two questions are related to the following sample data A random sample of employees of a multinational corporation yielded the following annual salary data
| Next two questions are related to the following sample data | ||||||||
| A random sample of employees of a multinational corporation yielded the following annual salary data (in dollars). | ||||||||
| 128550 | 66420 | 97390 | 66710 | 66470 | 101320 | 49340 | 63240 | |
| 53540 | 61500 | 65830 | 85670 | 85690 | 84580 | 44580 | 90900 | |
| 94780 | 82040 | 76040 | 133890 | 88910 | 88090 | 63910 | 83020 | |
| 88540 | 84450 | 58520 | 79020 | 102690 | 83090 | 107650 | 103390 | |
| 90690 | 72170 | 68540 | 102040 | 96570 | 99210 | 88130 | 67620 | |
| 90440 | 90900 | 83420 | 81920 | 92950 | 97510 | 103780 | 57760 | |
| 71670 | 77550 | 112910 | 81080 | 111330 | 82970 | 93330 | 113250 | |
| 86760 | 71960 | 63510 | 126730 | 103400 | 103660 | 77840 | 62830 | |
| 102540 | 71480 | 67060 | 104650 | 74660 | 75110 | 77020 | 70520 | |
| 95900 | 62610 | 76310 | 64640 | 41530 | 86600 | 73890 | 80000 | |
| 76940 | 116470 | 78870 | 83770 | 93190 | 78660 | 107050 | 110040 | |
| 97360 | 72450 | 99860 | 121570 | 75460 | 89280 | 60720 | 136220 | |
| 120100 | 70340 | 116380 | 85860 | 85890 | 56880 | 62950 | 84300 | |
| 90910 | 58890 | 80540 | 101910 | 127830 | 93660 | 97700 | 93950 | |
| 89320 | 95450 | 84230 | 107240 | 92440 | 92360 | 67660 | 80100 | |
| 103780 | 119110 | 81720 | 92190 | 92920 | 115060 | 87180 | 82810 | |
| 77120 | 116090 | 77240 | 117030 | 90630 | 86430 | 96760 | 66980 | |
| 91150 | 112250 | 68330 | 90260 | 81540 | 83090 | 117250 | 98410 | |
| 70090 | 86100 | 89940 | 120590 | 58990 | 86840 | 86590 | 110040 | |
| 89220 | 69050 | 95870 | 70240 | 90090 | 87630 | 58990 | 124730 | |
| 75280 | 88130 | 78150 | 115340 | 127660 | 82690 | 82570 | 59320 | |
| 70650 | 55970 | 118200 | 136250 | 96120 | 94710 | 74710 | 64890 | |
| 82210 | 122520 | 64260 | 91400 | 123790 | 110050 | 39380 | 81260 | |
| 68590 | 63570 | 127970 | 76560 | 118910 | 100310 | 86150 | 75710 | |
| 94890 | 82530 | 101960 | 92910 | 87580 | 84670 | 86850 | 98840 | |
| 124650 | 109770 | 104910 | 99910 | 80890 | 59740 | 90060 | 71840 | |
| 59700 | 72410 | 101560 | 77810 | 107520 | 118290 | 112860 | 101320 | |
| 82640 | 73110 | 73810 | 75230 | 64630 | 68920 | 89500 | 99500 | |
| 66560 | 75620 | 97910 | 134290 | 60540 | 94650 | 55380 | 63100 | |
| 85810 | 42250 | 100560 | 88310 | 91960 | 106460 | 69790 | 78380 | |
| 69650 | 45860 | 90070 | 72220 | 57320 | 92950 | 47350 | 95110 | |
| 73820 | 76330 | 98670 | 98290 | 68240 | 54240 | 95090 | 63750 | |
| 90340 | 84280 | 91620 | 84770 | 108290 | 101200 | 91490 | 70900 | |
| 89070 | 44820 | 95910 | 74710 | 81240 | 77810 | 99620 | 92700 | |
| 66540 | 68060 | 125980 | 64540 | 54560 | 144040 | 91750 | 99830 | |
| 55120 | 114910 | 89210 | 80280 | 98570 | 106000 | 74200 | 66690 | |
| 13 | The point estimate of the mean salary is, | |||||||
| a | $94,656 | |||||||
| b | $91,899 | |||||||
| c | $89,222 | |||||||
| d | $86,623 | |||||||
| 14 | The margin of error for a 95% interval estimate of the population mean salary is, | |||||||
| a | $2,523 | |||||||
| b | $2,293 | |||||||
| c | $2,085 | |||||||
| d | $1,895 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
American Political Economy In Global Perspective
Authors: Harold L Wilensky
1st Edition
1139227920, 9781139227926
