A business school placement director wants to estimate the mean annual salaries 5 years after students graduate. A random sample of 25 such graduates found a sample mean of 42 740 USD and a sample standard deviation of 4 780 USD. Find a 90% confidence interval for the population mean, assuming that the population distribution is normal.
A business school placement director wants to estimate the mean annual salaries 5 years after students graduate. A random sample of 25 such graduates found a sample mean of 42 740 USD and a sample standard deviation of 4 780 USD. Find a 90% confidence interval for the population mean, assuming that the population distribution is normal.
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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A business school placement director wants to estimate the mean annual salaries 5 years
after students graduate. A random sample of 25 such graduates found a sample mean of
42 740 USD and a sample standard deviation of 4 780 USD. Find a 90% confidence
interval for the population mean, assuming that the population distribution is normal.
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