Deliverable 3- Confidence Intervals

Deliverable 3 - Confidence Intervals

CompetencyGiven a real-life application, develop a confidence interval for a population parameter and its interpretation.InstructionsScenario (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 titleThe salary (in dollars) for each jobYou 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. Your research and analysis should be present within the answers provided on the worksheet.