ZipRecruiter periodically issues reports on wages of entry-level workers. They reported that entry-level wages for college graduates

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ZipRecruiter periodically issues reports on wages of entry-level workers. They reported that entry-level wages for college graduates who took jobs in Deer Park, California were \($23.69\) per hour and for college graduates who took jobs in Stamford, Connecticut were \($22.44\) per hour in 2022. Assume that the standard deviation for graduates who took jobs in Deer Park, California is \($2.30\) and for graduates who took jobs in Stamford, Connecticut is $2.05.


a. What is the sampling distribution of x̄ for a random sample of 50 college graduates who took jobs in Deer Park, California?

b. What is the sampling distribution of x̄ for a random sample of 50 college graduates who took jobs in Stamford, Connecticut?

c. In which of the preceding two cases, part (a) or part (b), is the standard error of x smaller? Why?


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Business Analytics

ISBN: 9780357902219

5th Edition

Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann

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