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

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverables: Word Document

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