Suppose a 95% confidence interval for the mean salary of college graduates in a town in Mississippi
Question:
a. What is the point estimator of the mean salary of all college graduates in this town?
b. Determine the sample size used for the analysis.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
12000 a x 196 12000 n36080 x 19612000 n 43920 T...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
Question Posted:
Students also viewed these Statistics questions
-
A 90% confidence interval for the mean sweetness index, E(y), for each of the first 12 runs is shown on the SPSS spreadsheet below. Select an observation and interpret this interval. For Information:...
-
In Example 3, the 90% confidence interval for the mean weight of female wolves was found to be (67.13, 80.62) pounds. (a) What is the conclusion of testing H0: = 81 versus H1: 81 at level = .10?...
-
A statistician estimates the 90% confidence interval for the mean of a normally distributed population as 172.58 3.74 at the end of a sampling experiment, assuming a known population standard...
-
You recently joined an accounting consulting firm. Your first client is a new manufacturing start-up that is trying to set up their costing system, and develop good processes for their upcoming...
-
What is the nominal annual rate of interest compounded quarterly if deposits of $253 made each month for 3 12 years accumulate to $11 600?
-
Prepare the operating budget, identify its major components, and explain the interrelationships of the various components.
-
What is a silhouette? What is its range? Is it a characteristic of a cluster, a variable, or a data value?
-
Use the following information to prepare a cash budget for the month ended on March 31 for Gado Merchandising Company. The budget should show expected cash receipts and cash disbursements for the...
-
Starbuck Coffee Company produces Colombian coffee in batches of 8,000 pounds. The raw coffee beans cost $5.00 per pound. Roasted Colombian coffee can be sold without further processing for $10.80 per...
-
Two cables tied together at C are loaded as shown. Determine the range of values of Q for which the tension will not exceed 60 lb in either cable.
-
U.S. consumers are increasingly viewing debit cards as a convenient substitute for cash and checks. The average amount spent annually on a debit card is $7,790 (Kiplingers, August 2007). Assume that...
-
A manager is interested in estimating the mean time (in minutes) required to complete a job. His assistant uses a sample of 100 observations to report the confidence interval as [14.355, 17.645]. The...
-
Some companies grow large through internal expansion. Other companies rise to be among the largest in their industries through a series of business combinations. Two major companies that have...
-
Considering your self-reflection, your personal and professional experience, and the other ideas related to leadership that you have explored in your studies so far, address the following: Provide a...
-
This research report analyzes the economics of Toyota's automobile industry between 2012-2022. The company was founded in Japan in 1937 and became one of the largest companies in the world in 2020....
-
Define workplace violence and discuss the different forms it can take. Analyze and share an example of workplace violence (maintaining confidentiality where necessary), or a hypothetical scenario....
-
Prepare a lengthy journal article on how to use learning theories (behaviorism, social cognitive, information processing, and constructivism) to improve their effectiveness as communicators of the...
-
Reflect on two to three (2-3) TV shows in which characters demonstrate aggression or violence. Consider the context in which this aggression or violence occurred and ways in which it can lead to...
-
In the area of expert consulting, what does career risk mean?
-
Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...
-
What are the positive and negative consequences of this decision?
-
The US Department of Transportation reports that there were 6,323,000 highways crashes (accidents involving one or more vehicles) in the US in a recent year. This means an average of 12 per minute or...
-
Meteor showers can be a spectacular sight. They are especially intense in late July and early August, when the annual Perseid meteor shower is visible in the early morning sky. As many as 50 to 150...
-
DuPont produces Kevlar, a high strength (five times stronger than steel) lightweight fiber. Kirby Outfitters uses the fiber in some of its products and occasionally inspectors find a small flaw in...
-
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
-
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
-
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...
Study smarter with the SolutionInn App