SCENARIO 8-5
A sample of salary offers (in thousands of dollars)given to management majors is: 48, 51, 46,
52, 47, 48, 47, 50, 51, and 59.Using this data to obtain a 95% confidence interval
resulted in an interval from 47.19 to 52.61.
-True or False: Referring to Scenario 8-5, 95% of the time, the sample mean salary offer to
management majors will fall between 47.19 and 52.61.

Question

Quizplus · Accepted Answer

A 95% confidence interval means that we are 95% confident that the true population mean falls within this range, not that 95% of sample means will fall within this interval.

SCENARIO 8-5 a Sample of Salary Offers (In Thousands of Dollars)given to Dollars)given