Professors of Accountancy Are in High Demand at American Universities

question 4

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 95% confidence interval for the salary of new accounting professors.Answers are in thousands of dollars.

• A) [102.1680,167.832]
• B) [127.8247,142.1753]
• C) [128.7953,141.2047]
• D) [129.0735,140.9265]

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Definitions:

Corticotropin

A hormone produced by the pituitary gland that stimulates the adrenal cortex to release cortisol, involved in stress response.

Somatotropin

A growth hormone produced by the anterior pituitary gland that stimulates growth, cell reproduction, and cell regeneration in humans and other animals.

Antidiuretic Hormone

Antidiuretic Hormone is a hormone produced by the pituitary gland that regulates water balance in the body by controlling the amount of water reabsorbed by the kidneys.

Vasopressin

A hormone produced by the pituitary gland that regulates water balance in the body and increases blood pressure by constricting blood vessels.