Suppose that you have a data set of starting salaries and you find an average starting...

Question

Question

Suppose that you have a data set of starting salaries and you find an average starting...

Suppose that you have a data set of starting salaries and you find an average starting salary of $47,222 with a standard deviation of $6,528. There are 33 observations. What is the (estimated) standard error? Do not include a dollar sign.

math Statistics-And-Probability

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

sd = 6528

n = 33

Standard error = sd / sqrt(n) = 6528 / sqrt(33) = 1136.38 (ans)

Add a comment

Answer 2

Similar Homework Help Questions

Suppose that you have a data set of starting salaries and you find an average starting...

Suppose that you have a data set of starting salaries and you find an average starting salary of $47,222 with a standard deviation of $6,528. There are 22 observations. What is the (estimated) standard error? Do not include a dollar sign.
Mathematics majors generally have one of the highest starting salaries. Suppose the average starting salary for...

Mathematics majors generally have one of the highest starting salaries. Suppose the average starting salary for mathematics majors is $48000 with a standard deviation of $6900. Find the probability that 35 mathematics majors have an average starting salary less than $48079 thousand.
Suppose you do average starting salary is $50,000 with a standard deviation of $5,000. an analysis...

Suppose you do average starting salary is $50,000 with a standard deviation of $5,000. an analysis of the starting salaries of 100 recent Lehman graduates. You find that the (5 points) Find the 90% critical values. a. (5 points) Find the 95% critical values. b.

2. You are planning a survey of starting salaries for recent computer science majors. In the...

2. You are planning a survey of starting salaries for recent computer science majors. In the latest survey by the National Association of Colleges and Employers, the average starting salary was reported to be $61,287. If you assume that the standard deviation is $3850, what sample size do you need to have a margin of error equal to $500 with 95% confidence? (report as an integer) 3. Suppose that in the setting of question 2 you have resources to contact...
#911. Teacher Salaries Based on the 2017-2018 Average Starting Teacher Salaries by State measured by NEA,...

#911. Teacher Salaries Based on the 2017-2018 Average Starting Teacher Salaries by State measured by NEA, the average starting salary for teachers in Rhode Island is $41,689, the sample size is 4,900 and the standard deviation is $458.58. What is the margin of error for a 90% confidence interval for the average teacher starting salaries in Rhode Island (in USD)? Your answer must be be the error that needs to be added/subtracted. Specifically, provide the value for X: $41,689 +...
Starting salaries of 70 college graduates who have taken a statistics course have a mean of...

Starting salaries of 70 college graduates who have taken a statistics course have a mean of $44,644. Suppose the distribution of this population is approximately normal and has a standard deviation of $9,466. Using a 93% confidence level, find both of the following: (NOTE: Do not use commas or dollar signs in your answers.) (a) The margin of error: :

#462. Teacher Salaries Based on the 2017-2018 Average Starting Teacher Salaries by State measured by NEA,...

#462. Teacher Salaries Based on the 2017-2018 Average Starting Teacher Salaries by State measured by NEA, the average starting salary for teachers in Pennsylvania is $44,647, the sample size is 6,241 and the standard deviation is $759.00 If we want to get a 80% confidence interval with a small margin of error, say only 19. How many people do you need to sample? (Since a fraction of a person does not make sense, make sure to give the next largest...
Starting salaries of 80 college graduates who have taken a statistics course have a mean of...

Starting salaries of 80 college graduates who have taken a statistics course have a mean of $44,268. Suppose the distribution of this population is normal and has a standard deviation of $9,969. Using an 85% confidence level, find both of the following: (NOTE: Do not use commas nor dollar signs in your answers.) (a) The margin of error: (b) The confidence interval for the mean μ: <u<
QUESTION 11 The starting salaries of individuals with an MBA degree are normally distributed with a...

QUESTION 11 The starting salaries of individuals with an MBA degree are normally distributed with a mean of $90,000 and a standard deviation of $20,000. What percentage of MBA's will have starting salaries of $77,000 to $99,000? 27.99% 42.07% 30.50% 41.58% QUESTION 12 The starting salaries of individuals with an MBA degree are normally distributed with a mean of $90,000 and a standard deviation of $20,000. Suppose we randomly select 9 of these individuals with an MBA degree. What is...

(1 point) Starting salaries of 110 college graduates who have taken a statistics course have a...

(1 point) Starting salaries of 110 college graduates who have taken a statistics course have a mean of $42,249. Suppose the distribution of this population is approximately normal and has a standard deviation of $10,823. Using a 93% confidence level, find both of the following: (NOTE: Do not use commas or dollar signs in your answers.) (a) The margin of error: ? (b) The confidence interval for the mean μ: ? <μ< ?

Suppose that you have a data set of starting salaries and you find an average starting...

Homework Answers