SOLUTION: Starting salaries of 60 college graduates who have taken a statistics course have a mean of $42,117 and a standard deviation of $8,714.
Using 99% confidence, find both of the f
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Using 99% confidence, find both of the f
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Question 1077555: Starting salaries of 60 college graduates who have taken a statistics course have a mean of $42,117 and a standard deviation of $8,714.
Using 99% confidence, find both of the following:
A. The margin of error E
B. The confidence interval for the mean μ: Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! This is a t df=59,0.995=-2.66
SE (margin of E)=-2.66*8714/sqrt (60)=2992.43
99% CI=($39124.57, $45109.43)
