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:

Syllogism

A logic problem containing two premises and a conclusion; the syllogism is valid if the conclusion follows logically from the premises.

Premises

Statements or propositions from which conclusions are drawn in logical arguments.

Conclusion

The end or finish of an event, process, or text; a judgment or decision reached by reasoning.

Logical Relationship

The connection between ideas that follows a systematic pattern of reasoning, often governed by specific rules or laws of logic.