Q-3 Develop a 95% confidence interval estimate of the mean salary for outside salespersons.

Compare your results with the national value reported by Industrial Distribution.

- The 95% confidence interval of the mean salary for outside salespersons is (46783.72, 50877.15). This implies we are 95% confident that the mean salary for outside salespersons lies in (46783.72, 50877.15). The national value reported by Industrial Distribution is typically around $50,000 which lies in the confidence interval which means that the assumptions made for the survey are correct and the findings that 27% of respondents work for companies with sales over $40 million with the typical ID professional working for $12 million firm. The lowest paid employees work for firms with sales of less than $1 million.