Annual starting salaries for college graduates with degrees in business administration are generally expected to be betw

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Annual starting salaries for college graduates with degrees in business administration are generally expected to be betw

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Annual Starting Salaries For College Graduates With Degrees In Business Administration Are Generally Expected To Be Betw 1
Annual Starting Salaries For College Graduates With Degrees In Business Administration Are Generally Expected To Be Betw 1 (297.7 KiB) Viewed 8 times
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $30,000 and $45,000. 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? 3750 b. How large a sample should be taken if the desired margin of error is $400? Round your answers to next whole number. 156 0 = $230? 473 $140? 1275 c. Would you recommend trying to obtain the $140 margin of error? Explain. No, the sample size would probably be too time consuming and costly. ✓
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