John wishes to estimate the population mean salary of college graduates who took a statistics course in college. How many college graduates must he survey? Assume that the population standard deviation is known to be $1,633, and he wants to be 98% confident that the sample mean is within $107 of the true population m
John wishes to estimate the population mean salary of college graduates who took a statistics course in college. How many college graduates must he survey? Assume that the population standard deviation is known to be $1,633, and he wants to be 98% confident that the sample mean is within $107 of the true population m
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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John wishes to estimate the population mean salary of college graduates who took a statistics course in college. How many college graduates must he survey? Assume that the population standard deviation is known to be $1,633, and he wants to be 98% confident that the sample mean is within $107 of the true population mean.
2.
Salaries of 25 college graduates who took a statistics course in college have a mean of $87,169 and a standard deviation of $1,230. Construct a 95% confidence
Enter the upper bound of the confidence interval. (Round your answer to nearest whole dollar.)
3.John wishes to estimate the population standard deviation of salary of college graduates who took a statistics course in college. How many college graduates must he survey? Assume that he wants to be the sample standard deviation to be within 1% of the population standard deviation and to be 95% confident of that statement.
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