A survey of 25 randomly sampled judges employed by the state of Florida found that they earned

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A survey of 25 randomly sampled judges employed by the state of Florida found that they earned an average wage (including benefits) of $65.00 per hour. The sample standard deviation was $6.25 per hour.

a. What is the population mean? What is the point estimate of the population mean?

b. Develop a 99% confidence interval for the population mean wage (including benefits) for these employees.

c. How many judges should be selected to estimate the population mean wage with 95% confidence and a margin of error of $1.00?

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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Question Posted: Dec 14, 2020 12:23 AM

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A survey of 25 randomly sampled judges employed by the state of Florida found that they earned

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Statistical Techniques In Business And Economics

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