Professors of Accountancy Are in High Demand at American Universities

question 92

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) [129.8506,140.1494]
• C) [130.0260,139.9740]
• D) [131.0268,138.9732]

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Definitions:

Intermediaries

Intermediaries are agents or businesses that act as middlemen in the distribution process, linking producers with consumers or other businesses.

Retailer

A business entity that sells goods or commodities directly to consumers, typically in small quantities.

Intermediary

An entity or individual that acts as a middleman between two parties in a transaction, usually within the supply chain for goods and services.