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Which statistics formula to use in Excel?

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Peace_love Which statistics formula to... 04-17-2009, 12:58 AM
sweep Re: Which statistics formula... 04-17-2009, 03:59 AM
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  1. #1
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    Excel 2003
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    Which statistics formula to use in Excel?

    I have the following problem for my stats class and I am trying to figure out which statistical formual I need to use to get the answer. Please advice! Any help will be much appreciated.

    A sample of salaries finds sample mean $35 thousand and sample variance 81. If the population mean is to be estimated within $2 thousand (that is, $2 thousand above and $2 thousand below), how many employee salaries must be sampled? Assume 95% confidence and t-multiple = 2.
    Last edited by Peace_love; 05-01-2009 at 04:40 AM.

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