What is the lower and upper limit

Assignment Help Applied Statistics
Reference no: EM13830735

A sample of 9 managers with over 15 years of experience has an average salary of $71,000 and a sample standard deviation of $18,000. 

Assuming that the salaries of managers with over 15 years experience are normally distributed, you can be 95% confident that the mean salary for all managers with at least 15 years of experience is between what two numbers?

What is the lower and upper limit?

 

Reference no: EM13830735

Questions Cloud

More labor-intensive method of production : Which of the following trends favor a more labor-intensive method of production? A growing number of desperately unemployed people as the result of rural-urban migration. A limit to the level that wages can fall (subsistence)
Waste processing plant that is causing air pollution : Imagine a waste processing plant that is causing air pollution (measured in tons per year), and has marginal abatement costs given by MAC1 = 100 – 0.005E1. The marginal damages from the pollution is given by MD = 0.003E. The government establishes li..
Key events in chronological order : Question 1: Directions: Arrange the following key events in chronological order by the dates to which the events occurred.
Create a guide to leveraging expatriates : Create a guide to leveraging expatriates. The guide should include four to six (4-6) sources that address benefits and challenges of sending expatriates to other countries
What is the lower and upper limit : A sample of 9 managers with over 15 years of experience has an average salary of $71,000 and a sample standard deviation of $18,000. Assuming that the salaries of managers with over 15 years experience are normally distributed, you can be 95% confide..
Search for spices lead to global exploration : How did the search for spices lead to global exploration?
Struggle for independence : As World War II ended, the people of African and Asian nations found themselves struggling to find social justice and economic growth as they began their quest for independence.
State strong argument based on constitutional principles : Based on what you have learned in this class, are Elizabeth Holtzman's arguments for impeaching George W. Bush compelling? Is her judgment clouded or does she make a strong argument based on constitutional principles?
The population standard deviations s1 and s2 : What two assumptions must be met when you are using the z test to test differences between two means? Can the sample standard deviations s1 and s2 be used in place of the population standard deviations σ1 and σ2?

Reviews

Write a Review

Applied Statistics Questions & Answers

  Correlation between the number of days of class missed

An analysis was done to see if there was a correlation between the number of days of class missed and a student's GPA.

  Null hypothesis, an alternate hypothesis

Null hypothesis, an Alternate hypothesis, your work to get a t or Z value, a critical value for the test, a Decision, and if asked, a Conclusion. In order to rule on a potential federal grant, a government official must confirm that the average incom..

  In a certain city the need for money to buy alcohol

In a certain city the need for money to buy alcohol is given as the reason for 60% of all thefts. What is the probability that the exactly 2 of the next 4 theft cases reported in this city did not result from the need for money to buy alcohol?

  Perform a hotelling t2 two sample test

Perform a Hotelling T2 Two Sample test to determine if a certain drug has any effect in reducing flue-like symptoms. Use alpha = 0.01.

  Plain old monty hall

Plain old Monty Hall

  How would you define the wilcoxon signed rank test

How would you define the Wilcoxon Signed Rank Test?

  The true mean length of the bolt

In a manufacturing process a random sample of 16 bolts manufactured has a mean length of 8 inches with a standard deviation of 1.6 inches. What is the 99% confidence interval for the true mean length of the bolt

  Evaluate the expected value of the total number of sales

Evaluate the expected value of the total number of sales

  Given a business situation word problem

Given a business situation word problem or case study such as one dealing with processing time or quantity of fill, use the normal probability distribution to determine a course of action.

  Draw one card

Suppose that you have 8 cards. 5 are green and 3 are yellow. The 5 green cards are numbered 1, 2, 3, 4, and 5. The 3 yellow cards are numbered 1, 2, and 3. The cards are well shuffled. You randomly draw one card.

  Question 1a marine biologist has evidence from other

question 1a marine biologist has evidence from other studies that the number of fish is declining in certain lakes

  The option to buy extended warranties is commonplace

The option to buy extended warranties is commonplace with most electronics purchases.But does the type of purchase affect a consumer's willingness to pay extra for an extendedwarranty? Data for 420 consumers who purchased big screen TVs and la..

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