Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
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Textbook Question
Chapter 6, Problem 6P
In this chapter we showed how a simple random sample of 30 EAI employees can be used to develop point estimates of the population
- a. Use Excel to select a simple random sample of 50 EAI employees.
- b. Develop a point estimate of the mean annual salary.
- c. Develop a point estimate of the population standard deviation for annual salary.
- d. Develop a point estimate of the population proportion having completed the management training program.
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