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You overhear someone saying that electricians earn an average of $72,000 a year in New Jersey and you want to get a...

You overhear someone saying that electricians earn an average of $72,000 a year in New Jersey and you want to get a sense of whether that number seems reasonable. Since it would be impractical (or even impossible) to contact all electricians in the state, you collect a sample. If your sample showed an average annual salary of $71,893, would the statement that the mean salary for all the electricians in the state is $72,000 seem plausible?

Explain in a couple sentences.

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Answer #1

Yes .

In case of sampling, there is a scope of error

In this case, the margin of error is -/+(71893-72000)

I.e. 107

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