In order to analyze the salaries of former students, 23 former students were randomly surveyed. The average and standard
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In order to analyze the salaries of former students, 23 former students were randomly surveyed. The average and standard
In order to analyze the salaries of former students, 23 former students were randomly surveyed. The average and standard deviation of monthly salaries of these students were $3,978 and $461, 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).
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