Mean & Standard Deviation

**twil** · Nov 9th 2007, 09:55 AM

In a survey of twelve Savannah State Business School graduates, the mean starting salary was $93,000, with a standard deviation of $17,000.

The 95% confidence interval for the average starting salary among all Savannah State graduates is?

**twil** · Nov 12th 2007, 08:54 AM

I think I have solved it and it is as follows:

R =93000 + (1.96) 17000/3.4641061513775
R = 93000 + (1.96) (4907)
R = 93000 + 9618
R = 102,618

R = 93000 - (1.96) 17000/3.4641061513775
R = 93000 - (1.96) (4907)
R = 93000 - 9618
R = 83,382

So the range of salaries would be $83,382 ; $102,618

**TKHunny** · Nov 12th 2007, 02:44 PM

I like it. Do you still doubt?

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