Question

Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $10,000 and $50,000 Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. a. What is the planning value for the population standard deviation? $sigma = 10000$ b. How large a sample should be taken if the desired margin of error is $300? Round your answers to next whole number. $210? $100? 38416 c. Would you recommend trying to obtain the $100 margin of error? Explain. No, the sample size would probably be too time consuming and costly.

          Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $10,000 and $50,000
Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired.
a. What is the planning value for the population standard deviation?
$sigma = 10000$
b. How large a sample should be taken if the desired margin of error is $300? Round your answers to next whole number.
$210?
$100?
38416
c. Would you recommend trying to obtain the $100 margin of error? Explain.
No, the sample size would probably be too time consuming and costly.

Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 10,000 and50,000
Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired.
a. What is the planning value for the population standard deviation?
sigma = 10000
b. How large a sample should be taken if the desired margin of error is 300? Round your answers to next whole number.210?
100?
38416
c. Would you recommend trying to obtain the100 margin of error? Explain.
No, the sample size would probably be too time consuming and costly.

Added by Alan L.

Question

Please give Ace some feedback