A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Q1: A business school placement director wants to estimate the mean annual
salaries 5 years after students graduate. A random sample of 25 such graduates
found a sample mean of $42,740 and a sample standard deviation of $4,780.
Find a 90% confidence interval for the population mean, assuming that the
population distribution is normal.
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Transcribed Image Text:Q1: A business school placement director wants to estimate the mean annual salaries 5 years after students graduate. A random sample of 25 such graduates found a sample mean of $42,740 and a sample standard deviation of $4,780. Find a 90% confidence interval for the population mean, assuming that the population distribution is normal.
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