(Answered) : Solve The Eai Problem

Question Description

EAI has 2500 managers given the information provided. This is also the population size (n) used for the calculations made. Next, I found the salary mean of the population size using the AVERAGE function in Excel which calculated the mean to be $51,800.00. After this was found, I used the same annual salary numbers and plugged them into the STDEV.S function to find the standard deviation of 4000.000067. I then found the number of managers that took the company’s management training program, which was 1500, and used that divided by the sample size to find that the proportion