A Fund Raiser for United Way Wants to Know the Average

question 49

Short Answer

A fund raiser for United Way wants to know the average annual income of workers in a very large vegetable processing plant.She is able to obtain a sample of 30 annual wage levels (in thousands).She finds that the summation of the wages for the 30 is 370.7 and the standard deviation of 3.3.What estimate may be used for $\mu$ ?

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Definitions:

Boxplot

A graphical representation used in descriptive statistics that displays the distribution of data based on a five number summary: minimum, first quartile, median, third quartile, and maximum.

Summary Statistics

Numerical values calculated from a dataset, intended to provide information about the characteristics of the data.

Measures

Quantitative indicators or metrics used to assess, compare, or track performance or progress.

Track Team

A group of athletes who compete in track and field events, including running races, jumping, and throwing disciplines.