At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Annual starting salaries for college graduates with degrees in business administration are generally expected to be between and. Assume that a confidence interval estimate of the population mean annual starting salary is desired.

Sagot :

Since the sample size is huge, it is not recommended to strive to acquire the $100 margin of error during sampling.

What is sampling and how it should explained/used?

Sampling is a tool used to determine how much data to collect and how frequently it should be collected. This tool specifies the samples that must be collected in order to quantify a system, process, issue, or problem. Samples are used to draw conclusions about populations. Because samples are practical, cost-effective, convenient, and manageable, they are easier to gather data from.

To begin, the planning value will be = (45000/30000) / 4 = 3750.

The result will be: [tex]= 1.96 (3750/500)^{2} = 217[/tex]

Also, for error 200, the desired margin is: = 1.96 (3750/100)2 = 5403.

To know more about sample size visit:

brainly.com/question/27860316

#SPJ4