a) Determine the value of '***'? (b) Explain what is meant by samplingistribution of the mean in the context of MBA gradutes starting salaries? (c) What type of distrbution will the sample distribution of the mean for MBA gradatues' starting salaries follow? Give reasons for your answer. (d) What are the available point estimator and estimate of the population mean starting salary? (e) Which of these estimators in 'Part (c)' above is unbiasd? Give reason for your answer. (f) Identify an availale point estimate for the population variance? (g) Construct and interpret a 82% confidence interval of the population mean starting salary?
A top graduate busness school is interested in the starting of salaries of their MBA graduates. A survey consisting of all the graduates from previous years was one and te results displaye in the table blow:
| n | std.dev | std. error | |||
| MBA's | 175 | 11500 | 8700 | *** | 144 |
(a) Determine the value of '***'?
(b) Explain what is meant by samplingistribution of the mean in the context of MBA gradutes starting salaries?
(c) What type of distrbution will the sample distribution of the mean for MBA gradatues' starting salaries follow?
Give reasons for your answer.
(d) What are the available point estimator and estimate of the population mean starting salary?
(e) Which of these estimators in 'Part (c)' above is unbiasd? Give reason for your answer.
(f) Identify an availale point estimate for the population variance?
(g) Construct and interpret a 82% confidence interval of the population mean starting salary?
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