MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Estimation
A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.
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Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 120000 dollars. Assume the population standard deviation is 30000 dollars. Suppose you take a simple random sample of 92 graduates. Find the probability that a single randomly selected salary is at most 123000 dollars. Answer = 92 is randomly selected with a mean that is at most 123000 Find the probability that a sample of size n = dollars. Answer = Enter your answers as numbers accurate to 4 decimal places.
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Transcribed Image Text:Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 120000 dollars. Assume the population standard deviation is 30000 dollars. Suppose you take a simple random sample of 92 graduates. Find the probability that a single randomly selected salary is at most 123000 dollars. Answer = 92 is randomly selected with a mean that is at most 123000 Find the probability that a sample of size n = dollars. Answer = Enter your answers as numbers accurate to 4 decimal places.
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