Salaries of 11 college graduates who took a statistics course in college have a​ mean of $80,548 and a standard​ deviation of $1,518​. Construct a 95​% confidence interval for estimating the population standard deviation. Enter the upper bound of the confidence interval. (Round your answer to nearest whole dollar.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 22PFA
icon
Related questions
Question

PLEASE HELP WITH 2 QUESTION WILL APPERCIATE YOU AND LIKE UR AMAZING

 

1.John wishes to estimate the population standard deviation of salary of college graduates who took a statistics course in college. How many college graduates must he survey? Assume that he wants to be the sample standard deviation to be within 50% of the population standard deviation and to be 99% confident of that statement.

 

2.Salaries of 11 college graduates who took a statistics course in college have a​ mean of $80,548 and a standard​ deviation of $1,518​. Construct a 95​% confidence interval for estimating the population standard deviation.

Enter the upper bound of the confidence interval. (Round your answer to nearest whole dollar.)

 
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL