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The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. Although it requires a successful completion of three levels of grueling exams, it also entails promising careers with lucrative salaries. A student of finance is curious about the average salary of a CFA® charterholder. He takes a random sample of 49 recent charterholders and computes a mean salary of $100,000 with a standard deviation of $42,000. Use this sample information to determine the 90% confidence interval for the average salary of a CFA charterholder. Assume that salaries are normally distributed.
(You may find it useful to reference the t table. Round intermediate calculations to at least 4 decimal places. Round "t" value to 3 decimal places and final answers to the nearest whole number.)
Confidence Interval _________ to ________
The ratio of a firm's monthly output to the number of labor hours used in the same month would be a measure of:
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