[Steps Shown] Create a 95% confidence interval for the mean amount paid by Universal Products for current executive salaries. (3) (Give the interval) (2)
Question: Create a 95% confidence interval for the mean amount paid by Universal Products for current executive salaries.
- (3) (Give the interval)
- (2) What is the point estimate for the mean current executive salary?
- (2) What is the error of the estimate for the mean current executive salary?
- (2) What would you report to the committee (they do not have a statistical background) in terms of Universal Products' executives' salaries based on this information?
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