Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data are the incomes of 30 marketing executives for U.S corporations in thousands of dollars. Using 6 classes draw a frequency distribution table

The following data are the incomes of 30 marketing executives for U.S corporations in thousands of dollars. Using 6 classes draw a frequency distribution table of these data and determine the probability that the income uf executives from US corporations is more than $61,000. 58 64

79

79

74

71 40 76 76 74 38 54 50 89 34 56 69 31 74 45 65

71 79 69 61 67 45 85 61 62 69

Using the above raw data, calculate the sample mean and standard deviation and estimate the mean income of the entire marketing executives in US, using a 95% confidence interval

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

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook

2nd Canadian Edition

1118168879, 9781118168875

Students also viewed these Mathematics questions