You may need to use the appropriate appendix table or technology to answer this question. Suppose we are interested in the Annual Salary of Electronics Associated, Inc. (EAI) managers and we find that...


You may need to use the appropriate appendix table or technology to answer this question.<br>Suppose we are interested in the Annual Salary of Electronics Associated, Inc. (EAI) managers and we find that for a sample<br>of n = 30 managers, there was 0.5034 probability of obtaining a sample mean within + $500 of the population mean (see the<br>figure below).<br>Sampling distribution<br>of T<br>Or= 730.30<br>P(S1.300 sIS 52,300)<br>P(T< 51,300)<br>51,300 51,800 52,300<br>For parts (a) and (b), let the population mean be 51,800 and o = 4,000. (Round your answers to four decimal<br>places.)<br>(a) What is the probability that x is within +$500 of the population mean if a sample of size 50 is used?<br>0.6212<br>(b) Answer part (a) for a sample of size 100.<br>0.7888<br>

Extracted text: You may need to use the appropriate appendix table or technology to answer this question. Suppose we are interested in the Annual Salary of Electronics Associated, Inc. (EAI) managers and we find that for a sample of n = 30 managers, there was 0.5034 probability of obtaining a sample mean within + $500 of the population mean (see the figure below). Sampling distribution of T Or= 730.30 P(S1.300 sIS 52,300) P(T< 51,300)="" 51,300="" 51,800="" 52,300="" for="" parts="" (a)="" and="" (b),="" let="" the="" population="" mean="" be="" 51,800="" and="" o="4,000." (round="" your="" answers="" to="" four="" decimal="" places.)="" (a)="" what="" is="" the="" probability="" that="" x="" is="" within="" +$500="" of="" the="" population="" mean="" if="" a="" sample="" of="" size="" 50="" is="" used?="" 0.6212="" (b)="" answer="" part="" (a)="" for="" a="" sample="" of="" size="" 100.="">

Jun 08, 2022
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