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]

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Definitions:

Mediated Norm

Social norms and behaviors that are influenced and shaped by media consumption, reflecting the impact of media on cultural standards and expectations.

Narrow Range

Refers to a limited scope or selection within a particular category or field.

Mass Advertising

A type of marketing strategy that targets a large audience through various mediums in order to promote products or services.

Upper-Middle-Class

A socioeconomic group characterized by higher income, education, and professional occupations than the average, usually situated between the middle and upper classes.