You are working as an assistant to the dean of institutional research at your university. The dean

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You are working as an assistant to the dean of institutional research at your university. The dean wants to survey members of the alumni association who obtained their baccalaureate degrees 5 years ago to learn what their starting salaries were in their first full-time job after receiving their degrees. A sample of 100 alumni is to be randomly selected from the list of 2,500 graduates in that class. If the dean's goal is to construct a 95% confidence interval estimate for the population mean starting salary, why is it not possible that you will be able to use Equation (8.1) on page 283 for this purpose? Explain.
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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