212 с 213 d 214 215 18 216 a 217 b B 218 C 219 d 220 $338 $346 $350 $353 C $98,741 $97,282 A 200 a 201 b 202 C 203 d 204 205 Questions 17 and 18 are related 206 17 The lower end of a 95% interval estimate of the mean annual salary of persons with an MBA degree five years after graduation is reported to be $98,655. The interval is based on a sample of 120 persons. The sample standard deviation is $8,670. 207 208 209 What is the point estimate of the salary?" 210 a $101,726 211 b $100,222 D $379 $371 $366 $363 E F G In the previous question, what is the upper end of the interval? $101,789 $102,818 $103,856 $104,905 H
212 с 213 d 214 215 18 216 a 217 b B 218 C 219 d 220 $338 $346 $350 $353 C $98,741 $97,282 A 200 a 201 b 202 C 203 d 204 205 Questions 17 and 18 are related 206 17 The lower end of a 95% interval estimate of the mean annual salary of persons with an MBA degree five years after graduation is reported to be $98,655. The interval is based on a sample of 120 persons. The sample standard deviation is $8,670. 207 208 209 What is the point estimate of the salary?" 210 a $101,726 211 b $100,222 D $379 $371 $366 $363 E F G In the previous question, what is the upper end of the interval? $101,789 $102,818 $103,856 $104,905 H
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question

Transcribed Image Text:**Transcription for Educational Website**
---
### Questions 17 and 18 are related
**17.** The lower end of a 95% interval estimate of the mean annual salary of persons with an MBA degree five years after graduation is reported to be $98,655. The interval is based on a sample of 120 persons. The sample standard deviation is $8,670.
What is the point estimate of the salary?
a. $101,726
b. $100,222
c. $98,741
d. $97,282
**18.** In the previous question, what is the upper end of the interval?
a. $101,789
b. $102,818
c. $103,856
d. $104,905
---
### Questions 19-22 are related to the following
Your company self-insures its fleet of cars against collisions. You need to estimate the mean repair costs per accident so that you can set aside enough money to cover these costs. The data for repair costs for a random sample of accidents is shown below.
| | | | | | | | | | | | | |
|----|----|----|----|----|----|----|----|----|----|----|----|----|
| 1320 | 1370 | 2155 | 1965 | 2595 | 2345 | 1870 | 2760 |
| 2125 | 2185 | 1970 | 1075 | 1950 | 1920 | 1305 | 2320 |
| 2305 | 2950 | 2050 | 2095 | 965 | 1455 | 2645 | 2790 |
---
This section provides exercises on estimating the mean and understanding interval estimates using given statistical data.
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