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A university collected a large random sample of its graduating seniors and asked about the starting-salary...

  1. A university collected a large random sample of its graduating seniors and asked about the starting-salary o↵er they received from employers. The 95% of confidence interval was com- puted to be ($46382, $48008).

    1. (a) (3 points) Give the sample average from this study.

    2. (b) (3 points) Give the margin-of-error in the study.

Math   Statistics-And-Probability   
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Answer #1

Hello Sir/ Mam

YOUR REQUIRED ANSWERS ARE:

Mean $47,195.00
MoE $813.00

Given that:

95% Confidence Interval is ($46,382, $48,008)

Also, we know that:

Hence,

I hope this solves your doubt.

Do give a thumbs up if you find this helpful.

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