Confidence interval-mean salary of google managers

Assignment Help Basic Statistics
Reference no: EM13105264

A random sample a 16 Google managers yield the following information on annual salaries. The sample mean is $69,000, with a sample standard deviation of $4,000. What is the mean salary of all Google managers? What is the 95% confidence interval for the population mean?

Confidence interval - mean

95% confidence level

69000 mean

4000 std. dev.

16 n

2.131 t (df = 15)

2131.450 half-width

71131.450 upper confidence limit

66868.550 lower confidence limit

Reference no: EM13105264

Questions Cloud

Problem related to illegal drug to enhance performance : It is estimated that 2% of the athletes competing in a large tournament are users of an illegal drug to enhance performance. The test for this drug is 95% accurate. What is the probability that an athlete who tests positive is actually a user?
How developed australia is regard to of global cities : How developed Australia is in regard to concept of global cities and competitive advantage of nations; how country has adjusted to age of nonpolarity.
Write a policy brief applying the basic concepts : Write a policy brief applying the basic concepts taught in this course to a current issue that you choose. Assume you are writing for a policy maker who is considering a decision on that issue, who needs advice from an economic perspective.
Illustrate what are some relevant and irrelevant costs : Illustrate what are some relevant and irrelevant costs associated with the decision to sign an act (make/own) as opposed to just distributing one (buy/lease)? Identify at least 2 relevant and 2 irrelevant costs.
Confidence interval-mean salary of google managers : A random sample a 16 Google managers yield the following information on annual salaries. The sample mean is $69,000, with a sample standard deviation of $4,000. What is the mean salary of all Google managers?
Estimate how different your financial situation : Estimate how different your financial situation would look if you continued saving and investing over a 10-year period.
Calculate the speed of the protons at infinity : Use conservation of energy to calculate the speed of the alpha particle at infinity. m/s (e) If the two protons are released from rest and the alpha particle remains fixed, calculate the speed of the protons at infinity. m/s
Illustrate what is the minimum range sample : Assuming that s = 0.15% cannot be reduced and a sample size of n = 64, illustrate what is the minimum range within which the sample average failure rate must be found to justify with 95% confidence the advertised failure rate of 0.5%?
Estimation of evpi : The following is a payoff table giving profits for various situations. The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Calculate the standard error of the mean

The consultant is given a sample of 225 batteries to test. A. Calculate the standard error of the mean.

  Mean length of commercials

The director of a radio broadcasting company wants to determine whether the mean length of commercials on his station is equal to 24 seconds.

  Point biserial correlation

To test the effectiveness of a new studying strategy, a teacher randomly divides a sample of 8 students into tow groups, with n = 4 in each group.

  Utilizing exponential smoothing constant for different value

Forecast the number of deliveries utilizing exponential smoothing constant for different values also compare it. A hospital records the number of floral deliveries its patients receive every day.

  Mean weekly family expenditure on clothes

A statistician wants to estimate the mean weekly family expenditure on clothes. He believes that the standard deviation of the weekly expenditure is $125.

  Randomly chosen wearing helmets having lunch at workplace

A safety engineer claims that only 40% of all workers wear safety helmets when they eat lunch at the workplace. Assuming that his claim is right, find the probability that at most 4 out of 6 workers randomly chosen will be wearing their helmets wh..

  What proportion of the females rated their intelligence

Which of the following events are disjoint and What proportion of the females rated their intelligence less than 7.

  Information about markov inequality

Let S be a random variable (not necessarily positive). Prove using Markov's inequality that for every p>0 and for every constant q,

  Computing value of exponentially smoothed series

Using smoothing constant of w = .80, compute the value of exponentially smoothed series in 1983.

  What will be the standard deviation of the number of men

what is the chance the average contents of the cans will be less than advertised and what will be the standard deviation of the number of men who help at home, based on the first survey

  Description of confidence interval problem

A random sample of 17 wolf litters in Ontario, Canada gave an average of x1= 4.9 wolf pups per litter, with estimated sample standard deviation s1 - 1.0.

  Determining distribution in the larger section

A vertical line is drawn through a normal distribution at z = -0.25, and separates the distribution into two sections. What proportion of the distribution is in the larger section?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd