(Solved): The mean annual salary of a sample of 325 office managers is $55,280 with a standard deviation of $ ...
The mean annual salary of a sample of 325 office managers is $55,280 with a standard deviation of $9,460. Calculate the margin of error and construct the 98% confidence interval for the true population mean annual salary for office managers. We may assume that the sample standard deviation s is an accurate approximation of the population standard deviation σ (i.e., s≈σ ), given that the sample size is so large (n>200 ). E= Round to the nearest dollar Round to the nearest dollar