Recently, a university surveyed recent graduates of the English Department for their starting salaries. Four hundred graduates returned the survey. The average salary was $25,000. The population standard deviation is known to be $2,500.
Interpret the results of the 95% confidence interval.
A) The population mean is in the interval
B) The population mean is not in the interval
C) The likelihood that any confidence interval based on a sample of 400 graduates will contain the population mean is 0.95
D) There is a 5% chance that the computed interval does not contain the population mean.
Correct Answer:
Verified
Q15: The z-value associated with a 96% level
Q18: i. The 95 percent confidence interval states
Q19: Recently, a university surveyed recent graduates of
Q21: i. The t distribution is positively skewed.
Q22: A survey of 25 grocery stores revealed
Q23: A survey of 25 grocery stores revealed
Q24: A survey of 144 retail stores revealed
Q25: Dr. Patton is a professor of English.
Q33: A confidence interval for a population mean
A)
Q75: A sample of 25 is selected from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents