Suppose the grade point average (GPA) of a random sample of 50 college graduates was determined to be 2.48 with a standard deviation of 0.41. Construct a 99% confidence interval for the mean GPA of all college graduates. Interpret the result. 4. 5. To estimate the mean hourly pay of pay for employees of a large supermarket chain, how many employees must be sampled if we wish to estimate the mean hourly wage to within $1.50 with a confidence level of 90%. Assume a population standard deviation of $6.25.

MATLAB: An Introduction with Applications
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Suppose the grade point average (GPA) of a random sample of 50 college graduates was
determined to be 2.48 with a standard deviation of 0.41. Construct a 99% confidence interval
for the mean GPA of all college graduates. Interpret the result.
4.
5.
To estimate the mean hourly pay of pay for employees of a large supermarket chain, how
many employees must be sampled if we wish to estimate the mean hourly wage to within
$1.50 with a confidence level of 90%. Assume a population standard deviation of $6.25.
Transcribed Image Text:Suppose the grade point average (GPA) of a random sample of 50 college graduates was determined to be 2.48 with a standard deviation of 0.41. Construct a 99% confidence interval for the mean GPA of all college graduates. Interpret the result. 4. 5. To estimate the mean hourly pay of pay for employees of a large supermarket chain, how many employees must be sampled if we wish to estimate the mean hourly wage to within $1.50 with a confidence level of 90%. Assume a population standard deviation of $6.25.
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