Recently conducted on the starting salary

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A study was recently conducted on the starting salary of college graduates in the United States. In a random sample of 651 college graduates, the average salary was $46,618. Based on the wage distribution in the U.S., we estimate that σ is $12,752. Calculate a 91 percent confidence interval for the mean starting salary of college graduates and explain what it means in words. Be sure to show all of your work.

Reference no: EM131389917

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Recently conducted on the starting salary : A study was recently conducted on the starting salary of college graduates in the United States. In a random sample of 651 college graduates, the average salary was $46,618. Based on the wage distribution in the U.S., we estimate that σ is $12,752. C..

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