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(A) You Can Be 95% Confident That the Mean Salary

question 81

Essay

(A) You can be 95% confident that the mean salary for all production managers with at least 15 years of experience is between what two numbers (the t-multiple with 8 degrees of freedom is 2.306). What assumption are you making about the distribution of salaries?

(B) What sample size would be needed to ensure that we could estimate the true mean salary of all production managers with more than 15 years of experience and have only 5 chances in 100 of being off by more than $4200?


Definitions:

Neuroleptics

A class of medication primarily used to manage psychosis, particularly in schizophrenia and bipolar disorder, also known as antipsychotics.

Side Effects

Unintended and usually adverse effects that occur alongside the desired effects of a medication or treatment.

Prolonged Usage

The extended or continued use of a product, service, or substance, especially beyond the intended period.

Dosages

The specific amount of medication or drug prescribed to be taken at one time or at certain intervals.

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