The Starting Salary of Business Students in a University Is

question 68

Multiple Choice

The starting salary of business students in a university is known to be normally distributed. A random sample of 18 business students results in a mean salary of $46,500 with a standard deviation of $10,200. Construct the 90% confidence interval for the mean starting salary of business students in this university.

• A) 46,500 ± 1.330(10,200/ )
• B) 46,500 ± 1.645(10,200/ )
• C) 46,500 ± 1.734(10,200/ )
• D) 46,500 ± 1.740(10,200/ )

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Definitions:

Satisfaction

The feeling of fulfillment or pleasure arising from the attainment of one's goals or desires.

Celerity

Speed with which an individual initiates interaction with his or her environment

Interaction

The reciprocal action or influence between entities, such as people, objects, or concepts, within a particular context.

Environment

The surrounding conditions or factors, including social, physical, and economic, that influence individuals' living and working conditions.