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ANEK [815]
3 years ago
6

How many business students must be randomly selected to estimate the mean monthly earnings of business students at one college?

We want 95% confidence that the sample mean is within $130 of the population mean, and the population standard deviation is known to be $557.
Mathematics
1 answer:
Iteru [2.4K]3 years ago
3 0

Answer:

Number of business students=71

Step-by-step explanation:

Formula:

Sample Mean= z*(Standard Deviation/\sqrt{n})

where:

n stands for number of business students

z has different values for different Confidence. List is given below:

Confidence                   z

90%                             1.645                        

92%                             1.751

95%                             1.96

We will use z=1.96 corresponding to 95% Confidence

130=1.96*(557/\sqrt{n})

n=(1.96*557/130)^2

n=70.52≅71

So  number of business students is 71.

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Each junior  receives 93 score on the test. It is also the average score of the juniors.

Given Information

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It is also given that the average score of the class = 84

And, average score of the seniors = 83

Another given information is that all the juniors all received the same score, which is their average score. Let it be x.

Average Score of Juniors

Total marks obtained by the seniors = Number of seniors × Average score of seniors

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Thus, each junior scores 93 on the test.

Learn more about average here:

brainly.com/question/24057012

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