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Please tell me how you do it, and not just the answer. There's more to the excel sheet, so I want to be able to
Please tell me how you do it, and not just the answer. There's more to the excel sheet, so I want to be able to apply the formulas to get the true answer
- Using the CEO Pay worksheet to calculate the confidence intervals for the following:
- Calculate the confidence intervals for the following alpha values, for the true population mean of CEO pay. Assume the population variance is 19,500,000,000,000.
- a=0.10
- a=0.05
- a=0.01
- Calculate the confidence intervals for the following alpha values, for the true population proportion of CEOs who are male:
- a=0.10
- a=0.05
- a=0.01
- Calculate the confidence intervals for the following alpha values, for the true population mean of CEO pay. Assume the population variance is 19,500,000,000,000.
Median Worker | CEO | ||||||
Annual Pay | Annual Pay | ||||||
(Cash) | (Cash) | Gender | Gender (1 if Male) | ||||
$27,900 | $12,105,481 | M | 1 | ||||
$59,900 | $23,652,883 | M | 1 | ||||
$71,400 | $26,208,003 | M | 1 | ||||
$22,400 | $7,330,584 | F | 0 | ||||
$54,800 | $17,047,636 | M | 1 | ||||
$55,800 | $16,819,942 | M | 1 | ||||
$33,900 | $9,665,925 | F | 0 | ||||
$81,600 | $22,767,851 | M | 1 | 2a) | Mean CEO Comp. | ||
$50,100 | $11,930,391 | M | 1 | Sample Size | |||
$54,700 | $12,779,784 | M | 1 | Population Variance | 19,500,000,000,000 | ||
$92,900 | $21,565,325 | M | 1 | ||||
$79,400 | $18,263,525 | M | 1 | 2b.) | Sample Portion | ||
$62,000 | $13,649,028 | M | 1 | Sample Size | |||
$51,100 | $10,947,607 | M | 1 |
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