Answered step by step

Verified Expert Solution

## Question

1 Approved Answer

# The mean annual salary of a sample of 300 office managers is $56,090 with a standard deviation of $8,920. Calculate the margin of error and

The mean annual salary of a sample of 300 office managers is $56,090 with a standard deviation of $8,920. Calculate the margin of error and construct the 98% confidence interval for the true population mean annual salary for office managers.

*We may assume that the sample standard deviation s is an accurate approximation of the population standard deviation (i.e., s ), given that the sample size is so large (n > 200).*

Standard Normal Distribution Table

E=

*Round to the nearest dollar*

<<<<

## Step by Step Solution

There are 3 Steps involved in it

### Step: 1

### Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

### Step: 2

### Step: 3

## Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started