Question: B10.A statistical report, based on a sample of 45, states that the 95% confidence interval for the mean salary of new junior recruits in a
B10.A statistical report, based on a sample of 45, states that the 95% confidence interval for the mean salary of new junior recruits in a company is between $25,500 and $27,000. This can be interpreted (with 95% confidence) as
- the salary of all samples of new junior recruits is estimated to be between $25,500 and $27,000.
- the average salary of the sample of junior recruits is estimated to be between $25,500 and $27,000.
- the salary of the population of junior recruits is estimated to be in the range $25,500 and $27,000.
d the salary of all new junior recruits is estimated to average between $25,500 and $27,000.
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