A survey of 25 randomly sampled judges employed by the state of Florida found that they earned
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Question:
A survey of 25 randomly sampled judges employed by the state of Florida found that they earned an average wage (including benefits) of $65.00 per hour. The sample standard deviation was $6.25 per hour. (Uset Distribution Table & z Distribution Table.
Required: a. What is the point estimate of the population mean?
Estimate population mean:
b. Develop a 99% confidence interval for the population mean wage (including benefits) for these employees. (Round your answers to 2 decimal places.)
c. How many judges should be selected to estimate the population mean wage with 95% confidence and a margin of error of $1.00? (Round your answer to the next whole number.)
Sample Size:
Posted Date: