A population has a balance of 200 and a measure irregularity of 50. Suppose a elementary casual scantling of extent 100 is selected and x¯ is used to prize μ . What is the appearance that the scantling balance procure be amid +/- 5 of the population balance (to 4 decimals)? What is the appearance that the scantling balance procure be amid +/- 10 of the population balance (to 4 decimals)?
BusinessWeek conducted a superintend of graduates from 30 summit MBA programs (BusinessWeek, September 22, 2003). On the account of the superintend, usurp that the balance annual hire control virile and fevirile graduates 10 years following arrangement is $168,000 and $117,000, respectively. Usurp the measure irregularity control the virile graduates is $40,000, and control the fevirile graduates it is $25,000. What is the appearance that a elementary casual scantling of 40 virile graduates procure afford a scantling balance amid $10,000 of the population balance, $168,000 (to 4 decimals)? What is the appearance that a elementary casual scantling of 40 fevirile graduates procure afford a scantling balance amid $10,000 of the population balance, $117,000 (to 4 decimals)? What is the appearance that a elementary casual scantling of 100 virile graduates procure afford a scantling balance over than $4,000 under the population balance (to 4 decimals)?
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