A business school placement director wants to estimate the mean annual salaries 5 years after students...
A business school placement director wants to estimate the mean annual salaries 5 years after students graduate. A random sample of such graduates found a sample mean of $427,400. A confidence interval for the population mean annual salaries 5 years after students graduate is then estimated to be from $419,020 to $435,780. If the placement director considers that this confidence interval is too wide and would like to have an interval of half width only, what should he do?
Select one:
a. Keeping all others constant, choose another sample with half sample mean.
b. None of the other choices.
c. Keeping all others constant, reduce the confidence level by half.
d. Keeping all others constant, decrease the sample size by half.
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A business school placement director wants to estimate the mean
annual salaries 5 years after students...
A business school placement director wants to estimate the mean annual salaries 5 years after students...
A business school placement director wants to estimate the mean annual salaries 5 years after students graduate. A random sample of such graduates found a sample mean of $427,400. A confidence interval for the population mean annual salaries 5 years after students graduate is then estimated to be from $419,020 to $435,780. If the placement director considers that this confidence interval is too wide and would like to have an interval of half width only, what should he do? Select...
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An admissions director wants to estimate the mean age of all students enrolled at a college....
An admissions director wants to estimate the mean age of all students enrolled at a college. The estimate must be within 1.5 years of the population mean. Assume the population of ages is normally distributed. (a) Determine the minimum sample size required to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.6 years. (b) The sample mean is 20 years of age. Using the minimum sample size with a 90% level of confidence,...
An admissions director wants to estimate the mean age of all students enrolled at a college....
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A college admissions director wishes to estimate the mean age of all students currently enrolled. In...
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A college admissions director wishes to estimate the mean age of all students currently enrolled. In...
A college admissions director wishes to estimate the mean age of all students currently enrolled. In a random sample of 24 students, the mean age is found to be 23.1 years. From past studies, the ages of enrolled students are normally distributed with a standard deviation of 10.6 years. Construct a 90% confidence interval for the mean age of all students currently enrolled. 1. The critical value: 2. The standard deviation of the sample mean: 3. The margin of error:...
A college admissions director wishes to estimate the mean age of all students currently enrolled. In...
A college admissions director wishes to estimate the mean age of all students currently enrolled. In a random sample of 16 students, the mean age is found to be 21.8 years. From past studies, the ages of enrolled students are normally distributed with a standard deviation of 10.1 years. Construct a 90% confidence interval for the mean age of all students currently enrolled. 1. The critical value: 2. The standard deviation of the sample mean: 3. The margin of error
1. A college admissions director wishes to estimate the mean age of all students currently enrolled....
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2. A university placement director is interested in the effect GPA and the number of activities listed on the resume might have on the starting salaries of this year's graduation class. He has...
2. A university placement director is interested in the effect GPA and the number of activities listed on the resume might have on the starting salaries of this year's graduation class. He has selected the data shown in cells S3 to U12 on the answers sheet for a sample of 12 graduates. Using these data, a. determine the multiple regression equation for starting salaries b. compute the estimated starting salary of Dave, a student with a 3.6 GPA and 3...
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A business school placement director wants to estimate the mean annual salaries 5 years after students graduate. A random sample of such graduates found a sample mean of $427,400. A confidence interval for the population mean annual salaries 5 years after students graduate is then estimated to be from $419,020 to $435,780. If the placement director considers that this confidence interval is too wide and would like to have an interval of half width only, what should he do? Select...
An admissions director wants to estimate the mean age of all students enrolled at a college. The estimate must be within 1.5 years of the population mean. Assume the population of ages is normally distributed. (a) Determine the minimum sample size required to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.6 years. (b) The sample mean is 20 years of age. Using the minimum sample size with a 90% level of confidence,...
An admissions director wants to estimate the mean age of all students enrolled at a college. The estimate must be within 1.1 years of the population mean. Assume the population of ages is normally distributed (a) Determine the minimum sample size required to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.7 years (b) The sample mean is 21 years of age. Using the minimum sample size with a 90% level of confidence,...
Steve wants to estimate the average ACT scores of students graduated from his high school. He randomly selected 30 students from an email list and ask them to provide the information. Of them 15 students replied and the summary of the ACT score is as below: Mean STD Min Max 21.6 8.4 14 32 (1) (2pts) In this study, what is the sample of the study? What is the population of the study? (2) (5pts) Steve is told that the...
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