Instruction 8-6
A sample of salary offers (in thousands of dollars) given to students majoring in management is: 28, 31, 26, 32, 27, 28, 27, 30, 31, and 29. Using this data to obtain a 95% confidence interval resulted in an interval from 27.5 to 30.3.
-Referring to Instruction 8-6,95% of all confidence intervals constructed similarly to this one will contain the mean of the population.

Question

Quizplus · Accepted Answer

A 95% confidence interval means that in 95% of the samples taken, the true population mean will fall within that interval. Therefore, 95% of all confidence intervals constructed in a similar manner will contain the mean of the population.

Instruction 8-6 A Sample of Salary Offers (In Thousands of Dollars) Given