In a company there are 200 salesmen without a college degree and 300 salesmen with a college degree.
Question: In a company there are 200 salesmen without a college degree and 300 salesmen with a college degree. 25 salesmen without a degree and 30 with a degree are sampled (at random, without replacement). Result for the sample:
Mean (Thousand SEK) | Std Deviation (Thousand SEK) | |
No degree | 750 | 250 |
Degree | 800 | 160 |
Determine the 95% confidence interval for the average sales in the company
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Solution: The downloadable solution consists of 2 pages
Deliverables: Word Document![](/images/msword.png)
Deliverables: Word Document
![](/images/msword.png)