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(Solved): Annual starting salaries of college graduates with degrees in business administration are generally ...



Annual starting salaries of college graduates with degrees in business administration are generally expected to be between $ 10 , 000 and 35 , 000. 1) Assume that a 95 % confidence interval estimate of the population mean annual starting salary is desired. Determine the planning value for the population standard deviation. 2) Determine how large a sample should be taken if the desired margin of error is: a . $ 500 b . $ 190 c . $ 90 d . Would you recommend trying to obtain the $ 90 margin of error? Explain



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