Annual Starting Salaries For College Graduates With Degrees In Business Administration Are Generally Expected To Be Betw 1 (24.05 KiB) Viewed 9 times
Annual Starting Salaries For College Graduates With Degrees In Business Administration Are Generally Expected To Be Betw 2 (24.05 KiB) Viewed 9 times
Annual Starting Salaries For College Graduates With Degrees In Business Administration Are Generally Expected To Be Betw 3 (24.05 KiB) Viewed 9 times
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $20,000 and $40,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. a. What is the planning value for the population standard deviation? om 5000 b. How large a sample should be taken if the desired margin of error is $4007 Round your answers to next whole number. 1068 $1707 3,323 $1007 9604 c. Would you recommend trying to obtain the $100 margin of error? Explain. No, the sample size would probably be too time consuming and costly.
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