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A human resources consulting firm wants to estimate the average salary of university graduates with a bachelor's degree in science,

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A human resources consulting firm wants to estimate the average salary of university graduates with a bachelor's degree in science, and 10 years of working experience, in the Toronto area. A sample of 50 such employees reveals an average of $56,387 and a standard deviation of $5,435. Assuming the salary data are approximately normally distributed, construct a 90% confidence interval for the salaries.

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We are told to assume the salary data are approximately are normally distributed n 50 x 56 …View the full answer


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Analyzing Data And Making Decisions Statistics For Business Microsoft Excel 2010 Updated

Analyzing Data And Making Decisions Statistics For Business Microsoft Excel 2010 Updated

ISBN: 9780132924962

2nd Edition

Authors: Judith Skuce

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Question Posted: July 12, 2015 03:22:01
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