Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. a survey of 25 randomly selected psychiatrists fou

A survey of 25 randomly selected psychiatrists found an average hourly wage (including benefits) of $65.00...

60.1K

Verified Solution

Question

Statistics

A survey of 25 randomly selected psychiatrists found an averagehourly wage (including benefits) of $65.00 per hour. The samplestandard deviation was $6.25 per hour. 1. What is the populationmean? What is the best estimate of the population mean? 2. Developa 99% confidence interval for the population mean wage (includingbenefits) for these psychiatrists. 3. How large a sample is neededto assess the population mean with an allowable error of $1.00 at95% confidence?

Answer & Explanation Solved by verified expert
4.2 Ratings (800 Votes)
1Population mean sample mean 6500The best    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

data on how eduation is importnat to children living in poverty examples of data how after achool...

Basic Math
1.2K views

Let X1, X2, X3, X4, X5, and X6 denote the numbers of blue, brown, green, orange,...

Economics
1.2K views

In your own words (250 words) explain or discuss global trade and trade policy.

General Management
1.2K views

Many historical analyses assume technological determinism, but is it not more truthful to say that social...

Physics
1.2K views

An investigation of an automobile crash suggests that vehicle A was moving at 52 mph...

Basic Math
1.2K views

A group of 2418 students were surveyed about the courses they were taking at their...

Basic Math
1.2K views

A certain train has 11 cars that are being lined up on a track. One...

Accounting
1.2K views

Beilman Inc. reports the following pretax income (loss) for both book and tax purposes. Year...

Accounting
1.2K views

hanif has entered into a mudharabah agreement with RHB Islamic Bank and the bank has...

Accounting
1.2K views

I hope that you enjoyed working with the annual report of your selected company this...

Accounting
1.2K views

The management of Wyoming Corporation is considering the purchase of a new machine costing $375,000....

Finance
1.2K views

Open seas Inc. is evaluating the purchase of a new cruise ship the ship will...