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Background of the Case: You are given the dataset representing the monthly salaries from a sample of thirty (30) Data Scientists. You wish to find the actual average salary that a data scientist would earn. However it would be impractical to gather all the data scientist in the world to get their salary information. Hence, you settle with analyzing the sample. The population standard deviation is known to be P 15,000. Task 1: Calculate the mean and the standard error. Task 2: Find the appropriate Z-score for calculating interval a 90% confidence Task 3: Find the Confidence Interval with a confidence level of 90%

Background of the Case: You are given the dataset representing the monthly salaries from a sample of thirty (30) Data Scientists. You wish to find the actual average salary that a data scientist would earn. However it would be impractical to gather all the data scientist in the world to get their salary information. Hence, you settle with analyzing the sample. The population standard deviation is known to be P 15,000. Task 1: Calculate the mean and the standard error. Task 2: Find the appropriate Z-score for calculating interval a 90% confidence Task 3: Find the Confidence Interval with a confidence level of 90%

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Background of the Case: You are given the dataset representing the monthly salaries from a sample of thirty (30) Data Scientists. You wish to find the actual average salary that a data scientist would earn. However it would be impractical to gather all the data scientist in the world to get their salary information. Hence, you settle with analyzing the sample. The population standard deviation is known to be P 15,000. Task 1: Calculate the mean and the standard error. Task 2: Find the appropriate Z-score for calculating interval a 90% confidence Task 3: Find the Confidence Interval with a confidence level of 90%
Transcribed Image Text:Background of the Case: You are given the dataset representing the monthly salaries from a sample of thirty (30) Data Scientists. You wish to find the actual average salary that a data scientist would earn. However it would be impractical to gather all the data scientist in the world to get their salary information. Hence, you settle with analyzing the sample. The population standard deviation is known to be P 15,000. Task 1: Calculate the mean and the standard error. Task 2: Find the appropriate Z-score for calculating interval a 90% confidence Task 3: Find the Confidence Interval with a confidence level of 90%
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