Question

Annual salaries for graduates are expected to be between $30,000 and $45,000. Assume that a 95% confidence interval estimate of the population mean annual sling salary is desired. How large a sample should be taken if the desired margin of error is $250.

92

likes
458 views

Answer to a math question Annual salaries for graduates are expected to be between $30,000 and $45,000. Assume that a 95% confidence interval estimate of the population mean annual sling salary is desired. How large a sample should be taken if the desired margin of error is $250.

Expert avatar
Sigrid
4.5
119 Answers
**Step 1:**
Given parameters:
Desired Margin of Error (ME): $250
Confidence Level: 95%

**Step 2:**
Calculate the estimated population standard deviation ( \sigma ):
Given range: $30,000 to $45,000 which covers approximately 6 standard deviations
\sigma = \frac{Range}{6} = \frac{45000 - 30000}{6} = \frac{15000}{6} = 2500

**Step 3:**
Calculate the required sample size ( n ):
Substitute \sigma and z into the formula for n :
n = \left(\frac{1.96 \times 2500}{250}\right)^2

Calculating step by step:
1. \frac{1.96 \times 2500}{250} = 19.6
2. 19.6^2 = 384.16

Therefore, approximately \boxed{384} participants would be required for the sample.

Frequently asked questions (FAQs)
What is the measure of an exterior angle of a regular pentagon?
+
Question: What is the derivative of ∫sin(x) dx from 0 to π/2?
+
Question: What is the measure of an acute angle in an isosceles triangle with two congruent sides measuring 10 cm each?
+
New questions in Mathematics
1 + 1
A college believes that 22% of applicants to that school have parents who have remarried. How large a sample is needed to estimate the true proportion of students who have parents who have remarried to within 5 percentage points?
a) A tap can supply eight gallons of gasoline daily to each of its 250 customers for 60 days. By how many gallons should each customer's daily supply be reduced so that it can supply 50 more customers for twenty more days?
a bank finds that the balances in its savings accounts are normally distributed with a mean of $500 and a standard deviation off of $40. What is the probability that a randomly selected account has a balance of more than $400?
A consulting company charges a fee of $50 per hour for consulting. If their monthly fixed costs are $1,000 and they want to make a monthly profit of $2,500, how many consulting hours should they bill per month?
(6.2x10^3)(3x10^-6)
x/20*100
7273736363-8
A force of 750 pounds compresses a spring 3 inches from its natural length, which is 15 inches. What will be the work done to compress it 3 inches more?
Substitute a=2 and b=-3 and c=-4 to evaluate 2ac/(-2b^2-a)
1. A pediatric client is prescribed digoxin for congestive heart failure. The dose prescribed is 40 mcg/kg twice daily. The child weighs 33 pounds. What is the dosage in mg to be given per dose? Round to the nearest hundredth. Calculate your answer in mg per dose. Enter numerical value only.____mg
prove that for sets SS, AA, BB, and CC, where AA, BB, and CC are subsets of SS, the following equality holds: (A−B)−C=(A−C)−(B−C)
How do you convert a fraction to a decimal
answer this math question The scale on a map is drawn so that 5.5 inches corresponds to an actual distance of 225 miles. If two cities are 12.75 inches apart on the map, how many miles apart are they? (Round to the nearest tenth) miles apart. The two cities are how many miles apart
Find the orthogonal projection of a point A = (1, 2, -1) onto a line passing through the points Pi = (0, 1, 1) and P2 = (1, 2, 3).
8(x+4) -4=4x-1
Two trains leave stations 294 miles apart at the same time and travel toward each other. One train travels at 95 miles per hour while the other travels at 115 miles per hourHow long will it take for the two trains to meet?
If the area of a circle is 75.7ft2, what is the radius? Give the answer in metres. Round answer to 2 decimal places and enter the units.
x(squared) -8x=0
The domain of the function f(x)=x+7x2−144 is (−∞,), ( ,), and ( , ∞).