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Professors of Accountancy Are in High Demand at American Universities

Question 39

Multiple Choice

Professors of accountancy are in high demand at American universities. A random sample of 28 new accounting professors found the average salary was $135 thousand with a standard deviation of $16 thousand. Assume the distribution is normally distributed. Construct a 95% confidence interval for the salary of new accounting professors. Answers are in thousands of dollars.


A) [102.1680, 167.832]
B) [127.8247, 142.1753]
C) [128.7958, 141.2042]
D) [129.0735, 140.9265]

Correct Answer:

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