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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General Motors is conducting a market analysis to determine whether they are paying their employees the market rate. In particular, they would like to construct a 90% confidence interval of the average executive salary, +/-$1,000. They know from a nationwide study that the standard deviation of salaries is $15,500. What is the minimum sample size necessary to obtain this estimate? 

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