Deliverable 3 - Confidence Intervals
Develop a confidence interval for a population parameter.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.
Scenario (information repeated for deliverable 01, 03, and 04)
A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from $30,000 to $200,000 per year. As a Business Analyst, your boss asks you to research and analyze the salary distributions. You are given a spreadsheet that contains the following information:
A listing of the jobs by title
The salary (in dollars) for each job
Deliverable 3 - Confidence Intervals.xlsx
You have previously 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.
Background information on the Data
The data set in the spreadsheet consists of 364 records that you will be analyzing from the Bureau of Labor Statistics. The data set contains a listing of several jobs titles with yearly salaries ranging from approximately $30,000 to $200,000 for the state of Minnesota.
What to Submit
Your boss wants you to submit the spreadsheet with the completed calculations, answers, and analysis.
Note that the excel file attached contains the necessary steps for completing the assignment. Your success in this assignment depends on how you address the assignment's requirements, and whether you show the steps in the calculations. My Course Tutor Experts are available to help you with the assignment under the statistics assignment help category. We ensure that you get the highest grade in all statistics assignments we help you with.