In the context of the previous question, construct a 95% confidence interval of the mean salary of an NCAA football coach. Does the confidence interval contain the actual population mean of $474,477? Assume that the standard deviation of the population is $463 364. [325135.32, 506770.68] O [314415.75, 517490.25] O [295443.98, 536462.02] O [272357.65, 559548.35]

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.1: Measures Of Center
Problem 25PFA
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A simple random sample of 40 salaries of NCAA football coaches has a mean of $
415 953. Find the best point estimate of the mean salary of all NCAA football
coaches.
$ 415 953
$ 207 975
$ 200 000
$ 10 398
Transcribed Image Text:A simple random sample of 40 salaries of NCAA football coaches has a mean of $ 415 953. Find the best point estimate of the mean salary of all NCAA football coaches. $ 415 953 $ 207 975 $ 200 000 $ 10 398
In the context of the previous question, construct a 95% confidence interval of the
mean salary of an NCAA football coach. Does the confidence interval contain the
actual population mean of $474,477? Assume that the standard deviation of the
population is $463 364.
[325135.32, 506770.68]
[314415.75, 517490.25]
[295443.98, 536462.02]
O [272357.65, 559548.35]
Transcribed Image Text:In the context of the previous question, construct a 95% confidence interval of the mean salary of an NCAA football coach. Does the confidence interval contain the actual population mean of $474,477? Assume that the standard deviation of the population is $463 364. [325135.32, 506770.68] [314415.75, 517490.25] [295443.98, 536462.02] O [272357.65, 559548.35]
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