Standard error of the mean, Accounting Standards

To finish  this scenario, use the Sample Size Estimator Sheets A, B of this file.

In the previous years of the twenty-first century, annual salaries for federal employees in the Upper Midwest averaged approximately $42,000, with a population standard deviation (σ) of $4,900. If we drew a random sample of 25 federal employees from this population:

What would the standard error of the mean be?

What is the probability that the sample mean would be among $41,000 and $43,000?

What is the probability that the sample mean would be among $41,000 and $43,000 if we enhanced the sample size to 100

 

Posted Date: 3/23/2013 3:19:31 AM | Location : United States







Related Discussions:- Standard error of the mean, Assignment Help, Ask Question on Standard error of the mean, Get Answer, Expert's Help, Standard error of the mean Discussions

Write discussion on Standard error of the mean
Your posts are moderated
Related Questions
A company values its loose tools for inclusion in its balance sheet. The tools are not extremely valuable and the company uses estimating while valuing them. Which type of accou

The term goods refer to articles that are traded through the firm   articles bought for resale. For illustration, for book seller, books are goods, for an electrical store fans, fo


Consisting mainly of accounting educators the American Accounting Association (AAA) has sought to encourage research and study at a theoretical level into the concepts or standards

Within today's international business environment, there has been a great deal of discussion about the convergence of United States accounting standards (also known as GAAP), with

why Accountant prefer commercial substance than legal form?

Government Accountability Office (GAO) - Accounting and auditing office of the United States government. An independent agency which reviews federal financial transactions and repo


last changes in accounting standard in aias?

To finish  this scenario, use the Confidence Interval Calculator Sheets 1,2,3. The Sacred Grounds coffee shop in Dead horse, AK, is considering changing its coffee brewing units