Professors of Accountancy Are in High Demand at American Universities

question 53

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 90% confidence interval for the salary of new accounting professors. Answers are in thousands of dollars.

• A) [107.7520, 162.2480]
• B) [129.8497, 140.1503]
• C) [130.0260, 139.9740]
• D) [131.0268, 138.9732]

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Definitions:

Low Conscientiousness

Exhibiting a tendency towards disorganization and a lack of dependability in personal or professional matters.

High Extraversion

A personality trait characterized by high levels of energy, positive emotions, assertiveness, sociability, and the tendency to seek stimulation in the company of others.

Happiness

An emotional state characterized by feelings of joy, satisfaction, contentment, and fulfillment.

Optimistic

Having a tendency to hold a positive outlook on the future, often involving the expectation of favorable outcomes.