A Random Sample of 36 Magazine Subscribers Is Selected to Estimate

question 78

Essay

A random sample of 36 magazine subscribers is selected to estimate the mean age of all subscribers. The data follow. Use Excel to construct a 90% confidence interval estimate of the mean age of all of this magazine's subscribers. $$\begin{array} { l l | l l | l l } \text { Subscriber } & \text { Age } & \text { Subscriber } & \text { Age } & \text { Subscriber } & \text { Age } \\\hline 1 & 39 & 13 & 40 & 25 & 38 \\2 & 27 & 14 & 35 & 26 & 51 \\3 & 38 & 15 & 35 & 27 & 26 \\4 & 33 & 16 & 41 & 28 & 39 \\5 & 40 & 17 & 34 & 29 & 35 \\6 & 35 & 18 & 46 & 30 & 37 \\7 & 51 & 19 & 44 & 31 & 33 \\8 & 36 & 20 & 44 & 32 & 41 \\9 & 47 & 21 & 43 & 33 & 36 \\10 & 28 & 22 & 32 & 34 & 33 \\11 & 33 & 23 & 29 & 35 & 46 \\12 & 35 & 24 & 33 & 36 & 37\end{array}$$

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Definitions:

American HR Publications

Publications originating from the United States that focus on human resources management and related disciplines.

Stakeholders

Individuals or groups with an interest or stake in the outcome of a project, business, or decision.

Constituent Groups

Groups of stakeholders or individuals that have a direct or indirect interest in an organization's activities and outcomes.

Baby Boomers

Describes the generation born approximately between 1946 and 1964, known for experiencing significant economic prosperity, job stability, and social upheaval.