Calculate the population mean of annual salary

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Reference no: EM132923966

The sheet Part 1 includes data on 204 employees at the (fictional) company Beta Technologies. For this problem, consider this data set as the population frame.

a. Generate a simple random sample of size 20 from this population.

b. Calculate the population mean of Annual Salary. Then calculate the sample mean of Annual Salary for the sample in part a and b.

c. What is the sampling error?

Reference no: EM132923966

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