Question: You could use either EXCEL or formulas for question #8. If you would prefer to use hand calculation, please do not forget to show your
You could use either EXCEL or formulas for question #8. If you would prefer to use hand calculation, please do not forget to show your work below each question. Values taken from tables should be reported as it is. Final results from computations should be rounded off to two decimal places where appropriate.
- Average starting salary.The University of Texas at Austin McCombs School of Business performs and reports an annual survey of starting salaries for recent bachelor's in business administration graduates. For 2019, there were a total of 684 respondents.
- Respondents who were finance majors were 38.6% of the total responses.Rounding to the nearest integer, what is n for the finance major sample? (4p)
- For the sample of finance majors, the average salary is $72,125 with a standard deviation of $12,225. What is the 95% confidence interval for average starting salaries for finance majors? (4p)
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