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TABLE 8-6
A sample of salary offers (in thousands of dollars) given to management majors is: 28, 31, 26, 32, 27, 28, 27, 30, 31, and 29. Using this data to obtain a 95% confidence interval resulted in an interval from 27.5 to 30.3.
-Referring to Table 8-6, the confidence interval obtained is valid only if the distribution of the population of salary offers is normal.
Sampling Distribution
A probability distribution for a designated statistic, constructed from a random sample, to assist in making inferences about the general population.
Fluorescent Light Bulb
A type of light bulb that utilizes fluorescence to produce light, known for its efficiency compared to incandescent bulbs.
Standard Deviation
A statistical tool that identifies the level of inconsistency or deviation among values in a dataset.
Adult Males
A demographic group defined by individuals who are male and have reached the age of majority, often considered for research or statistics.
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