Estimate the average years of seniority for employees, Ask an Expert

Economics

a. You want to estimate the average years of seniority for employees working for Kaneko Ltd. The files of 49 workers are selected at random. Average seniority for those in the sample is 13.6 years. Assume you know the population standard deviation is 5.2 years.

b. Construct an 80% interval.

c. For your answers in a) and b), identify the margin of error term and the standard error term

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9498532

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