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SCENARIO 8-5 a Sample of Salary Offers (In Thousands of Dollars)given to Dollars)given

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SCENARIO 8-5
A sample of salary offers (in thousands of dollars)given to management majors is: 48,51,46,52,47,48,47,50,51,and 59.Using this data to obtain a 95% confidence interval resulted in an interval from 47.19 to 52.61.
-Referring to Scenario 8-5,95% of the sample means will fall between 47.19 and 52.61.


Definitions:

Issue Price

The price at which new securities are offered to the public by the issuer.

Simple Interest

Interest calculated only on the initial principal of a loan or deposit, without compounding.

Annually

Refers to something that happens once every year.

Simple Interest

Interest figured solely on the initial sum, excluding any compounded amounts.

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