An economist is interested in studying the incomes of consumers in a country. The population standard deviation is known
Posted: Sun Sep 05, 2021 5:10 pm
An economist is interested in studying the incomes of consumers
in a country. The population standard deviation is known to be $1,
000. A random sample of 50 individuals resulted in a mean income of
$15, 000. Construct a 99% confidence interval for the average
income.
in a country. The population standard deviation is known to be $1,
000. A random sample of 50 individuals resulted in a mean income of
$15, 000. Construct a 99% confidence interval for the average
income.