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%? Round off your answer in the nearest digit. Do not include the units. Answer: Between ? to ?

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
icon
Related questions
Question
100%

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%? Round off your answer in the nearest digit. Do not include the units.

Answer: Between ? to ?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill