Based on the given sample, what is the average starting annual salary What is a 95 percent confidence interval for the average annual salary Interpret your results for each estimate and explain the difference between each type of estimate DO IT ON EXCEL, WITH STEP BY STEPS DATA SET WAS OBTAINED BY COLLECTING INFO ON RANDOMLY SELECTED SAMPLE OF 93 EMPLOYEES WORKING AT AN AUTO PART COMPANY SALARY STARTING ANNUAL SALARY AT THE TIME OF HIRE 39000 40200 42900 43800 43800 43800 43800 43800 44400 45000 45000 46200 48000 48000 48000 48000 48000 48000 48000 48000 48000 48000 49800 51000 51000 51000 51000 51000 51000 51600 52200 52200 52800 52800 52800 54000 54000 54000 54000 54000 54000 54000 54000 54000 54000 54000 54000 55200 55200 55800 56400 57000 57000 57000 57000 57000 60000 60000 61200 63000 63000 46200 50400 51000 51000 52200 54000 54000 54000 54000 54000 57000 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000 63000 66000 66000 66000 68400 69000 69000 81000

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Question: Based on the given sample, what is the average starting annual salary? What is a 95 percent confidence interval for the average annual salary? Interpret

Based on the given sample, what is the average starting annual salary? What is a 95 percent confidence interval for the average annual salary? Interpret your results for each estimate and explain the difference between each type of estimate. *DO IT ON EXCEL, WITH STEP BY STEPS*

DATA SET WAS OBTAINED BY COLLECTING INFO ON RANDOMLY SELECTED SAMPLE OF 93 EMPLOYEES WORKING AT AN AUTO PART COMPANY.

SALARY - STARTING ANNUAL SALARY AT THE TIME OF HIRE

39000

40200

42900

43800

44400

45000

46200

48000

49800

51000

51600

52200

52800

54000

55200

55800

56400

57000

60000

61200

63000

46200

50400

51000

52200

54000

57000

60000

63000

66000

68400

69000

81000

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