Professors of Accountancy Are in High Demand at American Universities

question 39

Multiple Choice

Professors of accountancy are in high demand at American universities. A random sample of 28 new accounting professors found the average salary was $135 thousand with a standard deviation of $16 thousand. Assume the distribution is normally distributed. Construct a 95% confidence interval for the salary of new accounting professors. Answers are in thousands of dollars.

• A) [102.1680, 167.832]
• B) [127.8247, 142.1753]
• C) [128.7958, 141.2042]
• D) [129.0735, 140.9265]

---

Definitions:

On-time Rates

A metric typically used to evaluate the performance of services, indicating the percentage of tasks or deliveries completed within the expected time frame.

Scheduled Deliveries

The planned or intended time for the arrival of goods.

On-time Rates

A measure used to evaluate the punctuality or timeliness of services, such as transportations or deliveries.

Scheduled Deliveries

A logistics or supply chain management term referring to the planned timing and routing of deliveries to optimize efficiency and meet customer expectations.