The weekly salaries of a sample of employees at the local bank are given in the table below. Employee Weekly Salary Anja $245 Raz $300 Natalie $325 Mic $465 Paul $100 What is the variance for the data? Variance: s squared = StartFraction (x 1 minus x Overbar) squared (x 2 minus x Overbar) squared ellipsis (x n minus x Overbar) squared Over n minus 1 EndFraction 118. 35 132. 32 14,006 17,507. 5.

Arandom sample of 15 observations is used to estimate the population mean. the sample mean and the standard deviation are calculated as 172 and 63, respectively. assume that the population is normally distributed. a. with 99 confidence, what is the margin of error for the estimation of the population mean? b. construct the 99% confidence interval for the population mean. c. construct the 95% confidence interval for the population mean. d. construct the 83% confidence interval for the population mean. hint: you need to use excel function =t.inv.2t to find the value of t for the interval calculation.