20 former students were randomly surveyed. The average and standard deviation of monthly salaries of these students were
Posted: Wed May 11, 2022 9:33 am
20 former students were randomly surveyed. The average and standard deviation of monthly salaries of these students were $3,992 and $748, respectively. What is the margin of error of the 99% confidence interval for the true mean monthly salary of all former students? Assume the population is normally distributed. Round your answer to two decimal places (the hundredths place).