Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A simple random sample of 25 recent graduates from a particular college gives a sample mean starting salary of $24,000 with a sample standard deviation of $3,000. Build a 95% confidence interval for the mean starting salary of all graduates from this college. Interpret your result in words.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9997690

Have any Question?


Related Questions in Statistics and Probability

The table below shows the results of a survey that asked

The table below shows the results of a survey that asked 2873 people whether they are involved in any type of charity work. A person is selected random from the sample. Frequently Occasionally Not at All Total Male 225 4 ...

If we are interested in job satisfactionname a variable

If we are interested in job satisfaction. Name a variable that correlates with job satisfaction but we do not have causation. Name a variable that you believe may have a casual relationship with job satisfaction. Name a ...

The dow jones industrial average has had a mean gain of 432

The Dow Jones Industrial Average has had a mean gain of 432 pear year with a standard deviation of 722. A random sample of 40 years is selected. What is the probability that the mean gain for the sample was between 200 a ...

You want to try your hand at investingyou want to invest in

You want to try your hand at investing.You want to invest in WellsFargo because you think their hard times are behind next ten years at least. In fact, they have estimated that the increasing at a rate of 18% per year fo ...

Your friend randomly chooses a square picture frame from

Your friend randomly chooses a square picture frame from the store. Let X be the height in inches of the picture frame. Based on your knowledge of the square picture frames at the store, you know that the expected height ...

A recent survey of college seniors evaluated how the

A recent survey of college seniors evaluated how the students view the "real world" that they are about to enter. One question asked the seniors to evaluate the future job market on a 10-point scale from 1 (dismal) to 10 ...

A firm that produces light bulbs claims that their

A firm that produces light bulbs claims that their lightbulbs last 1500 hours, on average. You wonder if the average might differ from the 1500 hours that the firm claims. To explore this possibility you take a random sa ...

Suppose you want to calculate the z-score for your height

Suppose you want to calculate the? z-score for your height. How will the? z-scores compare if you use your height in inches verses? centimeters?

Doctor wants the estimate the hdl cholesterol of all 20 to

Doctor wants the estimate the HDL cholesterol of all 20 to 29 year old females. How many subjects are needed to estimate the HDL cholesterol within 3 points with 99% confidence assuming o=18.2? Suppose the doctor would b ...

Based on labornbspstatisticsnbsp12 nbspof workers in a

Based on labor? statistics, 12 % of workers in a particular profession are male. Complete parts a through e below based on a random sample of 8 workers in this profession. a.  What is the probability that exactly one wor ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As