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Author Question: Exhibit 8-6A sample of 75 information system managers had an average hourly income of $40.75 with a ... (Read 81 times)

rissygurl1124

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on: Mar 25, 2023

Question 1

Exhibit 8-6
A sample of 75 information system managers had an average hourly income of $40.75 with a standard deviation of $7.00.


Refer to Exhibit 8-6.  The standard error of the mean is


◦

80.83


◦

7


◦

0.8083


◦

1.611



Question 2

Exhibit 8-6
A sample of 75 information system managers had an average hourly income of $40.75 with a standard deviation of $7.00.


Refer to Exhibit 8-6.  The value of the margin of error at 95% confidence is


◦

80.83


◦

7


◦

0.8083


◦

1.611

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by rissygurl1124 on Mar 25, 2023

heathercab

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Reply #1 on: Mar 25, 2023
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rissygurl1124

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Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

alvinum

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Reply 3 on: Yesterday
Wow, this really help

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