Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The mean annual salary of a sample of 400 office managers is $45,090 with a standard deviation of $8,820. Calculate the margin of error and
The mean annual salary of a sample of 400 office managers is $45,090 with a standard deviation of $8,820. Calculate the margin of error and construct the 98% confidence interval for the true population mean annual salary for office managers.
We may assume that the sample standard deviation s is an accurate approximation of the population standard deviation (i.e., s ), given that the sample size is so large (n > 200).
Standard Normal Distribution Table
E=E=
Round to the nearest dollar
<<<<
Round to the nearest dollar
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