10. Average starting salary. The University of Texas at Austin McCombs School of Business performs and...
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10. Average starting salary. The University of Texas at Austin McCombs School of Business performs and reports an annual survey of starting salaries for recent bachelor's in business administration graduates. For 2017, there were a total of 598 respondents. a. Respondents who were finance majors were 41.42% of the total responses. Rounding to the nearest integer, what is n for the finance major sample? (3p) b. For the sample of finance majors, the average salary is $68,145 with a standard deviation of $13,489. What is the 90% confidence interval for average starting salaries for finance majors? (3p) 10. Average starting salary. The University of Texas at Austin McCombs School of Business performs and reports an annual survey of starting salaries for recent bachelor's in business administration graduates. For 2017, there were a total of 598 respondents. a. Respondents who were finance majors were 41.42% of the total responses. Rounding to the nearest integer, what is n for the finance major sample? (3p) b. For the sample of finance majors, the average salary is $68,145 with a standard deviation of $13,489. What is the 90% confidence interval for average starting salaries for finance majors? (3p)
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Subpart a To calculate the number of finance major respondents we first need to find the proportion ... View the full answer
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