Suppose that a junior partner in a law firm in the Philippines earns an average of 150,000 pesos per month with a standard deviation of 5,000 pesos. To verify this information, a random sample of 36 junior partners was selected from a particular database. Within what limits would you expect the sample average to lie, with a probability of 95%?
Suppose that a junior partner in a law firm in the Philippines earns an average of 150,000 pesos per month with a standard deviation of 5,000 pesos. To verify this information, a random sample of 36 junior partners was selected from a particular database. Within what limits would you expect the sample average to lie, with a probability of 95%?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Suppose that a junior partner in a law firm in the Philippines earns an average of 150,000 pesos per month with a standard deviation of 5,000 pesos. To verify this information, a random sample of 36 junior partners was selected from a particular database. Within what limits would you expect the sample average to lie, with a probability of 95%?
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