Question: B G H J N C D K L M Annual starting salaries for college graduates with degrees in business administration are generally expected to


B G H J N C D K L M Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $10,000 and $45,000 Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. How large a sample should be taken for each desired margin of error below? Starting Salary Desired margin of error 300 Lower Upper 10000 45000 210 140 0 1 2 3 4 5 7 8 Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $10,000 and $45,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. Given the information in the Microsoft Excel Online file below, construct a spreadsheet to determine how large a sample should be taken for each desired margin of error. Open spreadsheet a. For a margin of error of +$300, the required sample size is n = b. For a margin of error of $210, the required sample size is n = C. For a margin of error of +$140, the required sample size is n = d. Would you recommend trying to obtain the $140 margin of error? Explain. Check My Work Reset
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