Recently, a University Surveyed Recent Graduates of the English Department

question 117

Multiple Choice

Recently, a university surveyed recent graduates of the English Department for their starting salaries. Four hundred graduates returned the survey. The average salary was $25,000. The population standard deviation is $2,500. What is the 95% confidence interval for the mean salary of all graduates from the English Department?

• A) [$22,500, $27,500]
• B) [$24,755, $25,245]
• C) [$24,988, $25,012]
• D) [$24,600, $25,600]

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Definitions:

Product Line

A group of related products marketed under a single brand name by the same company.

Projected

Refers to estimates or forecasts of future financial outcomes, performance, or trends based on current data and analysis.

Earnings Before Interest

Earnings Before Interest, often abbreviated as EBI, refers to a company's profit before any interest expenses are deducted. It shows the financial performance from operational activities.

CCA Class

Refers to a classification under the Canadian Capital Cost Allowance that groups assets of a similar nature for depreciation purposes.