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Author Question: A random sample of 87 airline pilots recruited by an airline service had an average yearly income of ... (Read 244 times)

laurencescou

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on: Jun 24, 2018
A random sample of 87 airline pilots recruited by an airline service had an average yearly income of 99,400 with a standard deviation of 12,000.
 a. If we want to determine a 95 confidence interval for the average yearly income of the population, what is the value of t?
  b. Develop a 95 confidence interval for the average yearly income of all pilots.

Question 2

In practice, it is common to use the sample ________ to estimate the process _________.
 a. variances, range
 b. means, variance
 c. standard deviations, mean
  d. ranges, standard deviation


johnharpe

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 1.988
b. 96,842.37 to 101,957.63

Answer to Question 2

d


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