Given a real-life application, develop a confidence interval for a population parameter and its interpretation

I’m working on a Statistics spreadsheet and need support to help me study.

Confidence intervals

A major client of your company is interested in salary distributions of jobs in the state of Minnesota that range from $30,000 to $200,00 per year. As a business Analyst, your boss asks you to research and analyze the salary distributions. You’re given a spreadsheet that contains the following information:-

– A listing of the jobs by title

– The salary (in dollars) for each job

You have previosly explained some of the basic statistics to your client already, and he really liked your work. Now he wants you to analyze the confidence intervals.


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