In making the decision to return to school for an MBA, prospective students desire to know the time it will take to recoup their investment (forgone wages plus tuition and other direct costs). The time it will take to recoup their investment is normally distributed. You are in charge of estimating this time for a brochure advertising an MBA program at UCLA. You randomly sample 20 past UCLA MBA students and find that the sample average is 3.61 years with a standard deviation of 0.63 years. To estimate the mean number of years required to recoup an investment in a UCLA MBA to within 2 months (0.17 years) with 90% confidence, the sample size should be approximately O 38. 75. 53. 23. Onone of the above.
In making the decision to return to school for an MBA, prospective students desire to know the time it will take to recoup their investment (forgone wages plus tuition and other direct costs). The time it will take to recoup their investment is normally distributed. You are in charge of estimating this time for a brochure advertising an MBA program at UCLA. You randomly sample 20 past UCLA MBA students and find that the sample average is 3.61 years with a standard deviation of 0.63 years. To estimate the mean number of years required to recoup an investment in a UCLA MBA to within 2 months (0.17 years) with 90% confidence, the sample size should be approximately O 38. 75. 53. 23. Onone of the above.
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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
Transcribed Image Text:In making the decision to return to school for an MBA, prospective students desire to know the
time it will take to recoup their investment (forgone wages plus tuition and other direct costs).
The time it will take to recoup their investment is normally distributed. You are in charge of
estimating this time for a brochure advertising an MBA program at UCLA. You randomly sample
20 past UCLA MBA students and find that the sample average is 3.61 years with a standard
deviation of 0.63 years. To estimate the mean number of years required to recoup an investment
in a UCLA MBA to within 2 months (0.17 years) with 90% confidence, the sample size should
be approximately
38.
O 75.
53.
23.
none of the above.
OE
0
C
An A
MacBook Pro
W
P
zoom
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