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Range of salaries would you expect the mean to lie

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Reference no: EM132331993

To approach the following situation, what is the best statistical analysis to approach the most logical answer as a practical conclusion?

An association claims that the median annual salary of lawyers 9 months after graduation from law school is $68,500. The salaries of a random sample of 100 lawyers 9 months after graduation from law school is taken. The results are calculated with a standard deviation of $15,000. If the association's claims are reliable to a 90% degree of certainty, in what range of salaries would you expect the mean to lie?

Reference no: EM132331993

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