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 are the solutions to the cubic equation x^3 - 5x^2 + 4x - 2 = 0?
+
What is the standard deviation of a data set with values 5, 7, 9, 12, and 15?
+
Find the roots of the quadratic equation: 2x^2 + 3x - 5 = 0.
+
New questions in Mathematics
Find an arc length parameterization of the curve that has the same orientation as the given curve and for which the reference point corresponds to t=0. Use an arc length s as a parameter. r(t) = 3(e^t) cos (t)i + 3(e^t)sin(t)j; 0<=t<=(3.14/2)
a ferry travels 1/6 of the distance between two ports in 3/7 hour. The ferry travels at a constant rate. At this rate, what fraction of the distance between the two ports can the ferry travel in one hour.
String x = 5 Int y=2 System.out.println(x+y)
I) Find the directional derivative of 𝑓(𝑥, 𝑦) = 𝑥 sin 𝑦 at (1,0) in the direction of the unit vector that make an angle of 𝜋/4 with positive 𝑥-axis.
Derivative of x squared
What is the r.p.m. required to drill a 13/16" hole in mild steel if the cutting speed is 100 feet per minute?
-3x 2y = -6; -5x 10y = 30
Identify a pattern in the list of numbers.Then use this pattern to find the next number. 37,31,25,19,13
is the x element (180,270), if tanx-3cotx=2, sinx ?
4x + 8y = 5 2x + 4y = 10
20% of 3500
Task 1 angel has 3 quarters 3/8 of a tank of gasoline and Miguel 7/8, who has more gasoline? number line on number line
Calculate the minimum size of a simple random sample assuming a sampling error of 5% assuming that the population size is 100 elements
cube root of 56
A natural gas company has a fixed rate of 1,320 pesos plus 1,590 pesos per cubic meter of gas consumed monthly per customer. Indicate the cost function to determine the value in pesos of the cubic meters of gas consumed in a month per customer. How much did a customer who consumed 18 cubic meters of gas pay? If a customer paid 34,710 pesos, how many cubic meters of gas did he consume?
Find the vertex F(x)=x^2-10x
Log0
A 20,000 kg school bus is moving at 30 km per hour on a straight road. At that moment, it applies the brakes until it comes to a complete stop after 15 seconds. Calculate the acceleration and the force acting on the body.
4m - 3t + 7 = 16
Let A denote the set of all people who were alive in 2010. Let B denote the set of all real numbers. Let f assign, to each person in A, their weight during the year 2010. Is f a function? Explain in complete sentences.