The following data represent a random sample of end-of-year bonuses for the lower-level managerial personnel employed by

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The following data represent a random sample of end-of-year bonuses for the lower-level managerial personnel employed by a large firm. Bonuses are expressed in percentage of yearly salary.
The following data represent a random sample of end-of-year bonuses

Construct a 98% confidence interval for the median bonus expressed in percentage of yearly salary of this firm. Also, draw a probability plot and test for normality. Can this be considered a random sample?

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Mathematical Statistics With Applications In R

ISBN: 9780124171138

2nd Edition

Authors: Chris P. Tsokos, K.M. Ramachandran

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