Problem

Question 12 of 18 , Step 1 of 1
16/25
Correct
3
The following is a random sample of the annual salaries of high school counselors in the United States. Assuming that the distribution of salaries is approximately normal, construct a 99% confidence interval for the mean salary of high school counselors across the United States. Round to the nearest dollar.
Unknown environment 'tabular'
Copy Data
Answer
Tables
Keypad
Keyboard Shortcuts
Lower endpoint:

Upper endpoint:
Submit Answer
- 2023 Hawkes Learning

Answer

Expert–verified
Hide Steps
Answer

So, the 99% confidence interval for the mean salary of high school counselors across the United States is [$35774,$63141].

Steps

Step 1 :Given the salaries of high school counselors in the United States, we are asked to construct a 99% confidence interval for the mean salary.

Step 2 :The given salaries are: $63670, $35250, $61780, $32370, $32290, $60250, $60590.

Step 3 :First, we calculate the mean and standard deviation of the given salaries. The mean is $49457.14 and the standard deviation is $14055.04.

Step 4 :Next, we use the formula for the confidence interval which is mean ± (z-score * (standard deviation / sqrt(n))), where n is the number of samples, and the z-score for a 99% confidence interval is approximately 2.576.

Step 5 :Substituting the values into the formula, we get the margin of error as $13683.59.

Step 6 :Finally, we subtract and add the margin of error from the mean to get the lower and upper endpoints of the confidence interval respectively.

Step 7 :The lower endpoint is $35774 and the upper endpoint is $63141.

Step 8 :So, the 99% confidence interval for the mean salary of high school counselors across the United States is [$35774,$63141].

link_gpt