Find confidence interval for mean salary of management major

Assignment Help Econometrics
Reference no: EM13184549

A researcher is interested in estimating the salary of management majors. it is known that the population of salary offers is normally distributed with a standard deviation of 4(in thousands of dollars). the sample yields a sample mean of 50.

1. construct a 95% confidence interval for the mean salary of management majors?

2.interpret the confidence interval you found in a).

3. it the confidence interval still valid if the population of salary offers is not normally distrotion.

Reference no: EM13184549

Questions Cloud

Explain how much aspirin is recovered in water : how much aspirin is recovered? Solubility of aspirin in water at 25oC is one gram of aspirin per 300 milliliters of water.
Audience most likely to remember from informative presention : Which of the following is an audience most likely to remember from an informative presentation?
Explain the pi can be estimated fairly accurately : The pI can be estimated fairly accurately (within 0.1 or 0.2 pH units) from the pK values of all the proton dissociable groups in the peptide. Using pK values from the table at the right, estimate the pI value of the following hexapeptide
Compute the average net charge on phenylalanine : Calculate the average net charge on phenylalanine if it is in a solution that has a pH of 8.40 (If the charge is positive, you do not need to enter a \+ \" sign.)
Find confidence interval for mean salary of management major : A researcher is interested in estimating the salary of management majors. it is known that the population of salary offers is normally distributed with a standard deviation of 4(in thousands of dollars). the sample yields a sample mean of 50. 1. c..
Derive an euation relating the temperature to the velocity : derive an euation relating the temperature to the velocity of the gas.if nitrogen at 150 degree celcius flows past one section of the tube at a velocity of 2.5 metre/second,what is its temperature at another section where its velocity is 50 m/s
Find out the rate constant and the time required : A second-order reaction that destroys compound A via the reaction A to B is occurring in a batch reactor. It is 40% complete after 30 minutes. Determine the rate constant, and the time required to achieve 95% completion?
Explain events using the aggregate demand/supply model : In 2007 the U.S. was faced with two events. At the beginning of 2007, oil prices more than doubled. A financial crisis hit the economy starting in August 2007 causing a reduction in consumer and business spending. These events led to a rise in th..
Explain what is the empirical formula for the compound : A compound is composed of elements C, H, and N. A 7.875-mg sample of the unknown compound was combusted, producing 21.363 mg of CO2 and 6.125 mg of H2O. What is the empirical formula for this compound? (Type your answer using the format CxHyNz for..

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd