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1) A personnel manager is conducting a study of sales supervisory salaries in this industry. A survey for the salaries of 36 sales supervisors found a mean of $42.91 thousand and a standard deviation of $19.22 thousand. Determine a 98-percent confidence interval (in thousands of dollars) for the mean of all sales supervisory salaries in this industry. (Round your answer(s) to 3 decimal places.)
98% CI =__________ to_______________
2) Raising in-state and out-of-state tuition is supposed to reduce the number of students in state supported universities. The registrar of a university wants to estimate the proportion, ? , of students who are paying out-of-state tuition on the installment plan (to later be compared with in-state installment plan payers). A random sample of 70 students who live out-of-state is taken and 38 of them pay tuition on the installment plan. Find a 99-percent confidence interval for ? based on these data. (Round your answer(s) to 3 decimal places.)
99% CI = __________ to _____________
3) Population assumption: Normal
n = 16; x = 84; s = 13;
H0: u ??? 84, H1: u > 84; a = 0.01
What test do you use and what is the test statistic? (Round your answer(s) to 3 decimal places.)
t-testz or z-test
Test statistic =___________(3 decimal places)
The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.
Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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