Suppose there are 310 first-year lawyers in a particular metropolitan area with an average starting salary of $156,000 and a sta
ndard deviation of $13,000. What is the standard error of the mean for a random sample of 33 first-year lawyers?
1 answer:
Answer:
$ 2263
Step-by-step explanation:
In this case to calculate the standard error of the mean, we only need the standard deviation (sd) and the number of the random sample (n).
sd = 13000
n = 33
SE = sd / (n ^ (1/2))
replacing:
SE = 13000 / (33 ^ (1/2))
SE = 2263.01
What the standard error of the mean for a random sample of 33 first-year lawyers means is $ 2263
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Answer:
$1.75
Step-by-step explanation:
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