Essay
(A) You can be 95% confident that the mean salary for all production managers with at least 15 years of experience is between what two numbers (the t-multiple with 8 degrees of freedom is 2.306). What assumption are you making about the distribution of salaries?
(B) What sample size would be needed to ensure that we could estimate the true mean salary of all production managers with more than 15 years of experience and have only 5 chances in 100 of being off by more than $4200?
Correct Answer:
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(A)
n = 9, 
= 71,000, s = 18,000. Then ...View Answer
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Correct Answer:
Verified
n = 9,
= 71,000, s = 18,000. Then ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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