4. In order to estimate the difference between the average yearly salaries of top managers in private and governmental organizations, the following information was gathered. Private Governmental Sample Size Sample Mean (in $1000s) Sample Standard Deviation (in $1000s) Develop an interval estimate for the difference between the average yearly salaries of top managers of 50 60 90 80 the two sectors. Use 95% confidence and give your answers in dollars.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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4. In order to estimate the difference between the average yearly salaries of top managers in private and
governmental organizations, the following information was gathered.
Private
Governmental
Sample Size
50
60
Sample Mean (in $1000s)
90
80
Sample Standard Deviation (in S1000s)
Develop an interval estimate for the difference between the average yearly salaries of top managers of
the two sectors. Use 95% confidence and give your answers in dollars.
6.
Transcribed Image Text:4. In order to estimate the difference between the average yearly salaries of top managers in private and governmental organizations, the following information was gathered. Private Governmental Sample Size 50 60 Sample Mean (in $1000s) 90 80 Sample Standard Deviation (in S1000s) Develop an interval estimate for the difference between the average yearly salaries of top managers of the two sectors. Use 95% confidence and give your answers in dollars. 6.
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