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Exhibit 8-3.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 dollars with a standard deviation of 16 thousand dollars.Assume the distribution is normally distributed. Refer to Exhibit 8-3.Construct a 95% confidence interval for the salary of new accounting professors.Answers are in thousands of dollars.
Improvisation
The art of spontaneously creating something without preparation.
Self-correcting Feedback
A mechanism or process that automatically adjusts or corrects the direction of a system or behavior based on its performance or outcome.
Deliberately Ask
The act of posing questions with intention and focus, often to gain information or clarity on a topic.
Accomplishing
The act of achieving or completing a task, goal, or objective successfully through effort, skill, or courage.
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