Question

A business school placement director wants to estimate the mean annual salaries 5 years after students graduate. A random samA manager wants to know whether customers in Taiwan, on average, would spend more than $2,000 per month on the service that i

0 0
Add a comment Improve this question Transcribed image text
Answer #1

The correct option is :

b. None of the other choices

is the correct option.

Test Statistic :

(2400-2000) /1800/\sqrt{49}=1.56

Critical Value :1.645

b is correct option

Add a comment
Know the answer?
Add Answer to:
A business school placement director wants to estimate the mean annual salaries 5 years after students...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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...

  • 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 1.7 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 1.8 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....

    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,...

  • 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:...

  • 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:...

  • 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 1.1 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,...

  • 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

  • The average GPA score for students at a university was 3.75. Five years later, a professor...

    The average GPA score for students at a university was 3.75. Five years later, a professor wants to perform a hypothesis test to determine whether the average GPA score of students at the university has changed. He picks a random sample of 50 students and obtains their mean GPA score, which is 3.10. The population standard deviation is known as 1.15. Test whether the claim that the average GPA score at the university has dropped from 3.75 is supported or...

  • 1. A college admissions director wishes to estimate the mean age of all students currently enrolled....

    1. A college admissions director wishes to estimate the mean age of all students currently enrolled. In a random sample of 81 students, the mean age is found to be 20.51 years. From past studies, the standard deviation of the population is known to be 2 years, and the population is normally distributed. Construct a 99% confidence interval of the population mean age. (10 p) (Round off final answers to two decimal places, if appropriate. Do not round off numbers...

  • A doctor wants to estimate the mean HDL cholesterol of all​ 20- to​ 29-year-old females. How...

    A doctor wants to estimate the mean HDL cholesterol of all​ 20- to​ 29-year-old females. How many subjects are needed to estimate the mean HDL cholesterol within 3 points with 99% confidence assuming s=11.4 based on earlier​ studies? Suppose the doctor would be content with 95% confidence. How does the decrease in confidence affect the sample size​required? Level of​ Confidence, ​(1−α​)•​100% Area in Each​ Tail, α2 Critical​ Value, zα/2 ​90% 0.05 1.645 ​95% 0.025 1.96 ​99% 0.005 2.575

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT