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The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. Although...

The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. Although it requires a successful completion of three levels of grueling exams, it also entails promising careers with lucrative salaries. A student of finance is curious about the average salary of a CFA® charterholder. He takes a random sample of 50 recent charterholders and computes a mean salary of $169,000 with a standard deviation of $29,000. Use this sample information to determine the 95% confidence interval for the average salary of a CFA charterholder. Assume that salaries are normally distributed.

Math   Statistics-And-Probability   
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