In a random sample of 14senior-level chemical engineers, the mean annual earningswas131950and the standard deviation was 35580.
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Question:
In a random sample of 14senior-level chemical engineers, the mean annual earningswas131950and the standard deviation was 35580. Assume the annual earnings are normally distributed and construct a 95% confidence interval for the population mean annual earnings for senior-level chemical engineers.
1. The critical value:
2. The standard error of the sample mean:
3. The margin of error:
4. The lower limit of the interval:
5. The upper limit of the interval:
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