Statistics Solutions

[See Solution] A business school placement officer wants to estimate the mean annual salaries of the school’s former students 5 years after graduation.

Question: A business school placement officer wants to estimate the mean annual salaries of the school’s former students 5 years after graduation. A random sample of twenty-five such graduates found a sample mean of $42,740 and a standard deviation of $4,780. Assuming that the population distribution is normal, find a 90% confidence interval for the population mean.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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