# Question: The Chartered Financial Analyst CFA designation is fast becoming a

The Chartered Financial Analyst (CFA®) designation is fast becoming a requirement for serious investment professionals. Although it requires a successful completion of three levels of grueling exams, it also entails promising careers with lucrative salaries. A student of finance is curious about the average salary of a CFA® charter-holder. He takes a random sample of 36 recent charter-holders and computes a mean salary of $158,000 with a standard deviation of $36,000. Use this sample information to determine the 95% confidence interval for the average salary of a CFA ® charter-holder.

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