A company that conducts surveys of current jobs for executives
A company that conducts surveys of current jobs for executives wants to estimate the average salary of an executive at a given level to within $2,000 with 95% confidence. From previous surveys it is known that the variance of executive salaries is about 40,000,000. What is the minimum required sample size?
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help