A development economist is interested in studying the incomes of consumers in a particular 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. What is the upper bound of the 99.7% confidence interval for the average income of the population? A) $15,424 B) $15,330 C) $15,141 D) $15,052

A development economist is interested in studying the incomes of consumers in a particular 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. What is the upper bound of the 99.7% confidence interval for the average income of the population? A) $15,424 B) $15,330 C) $15,141 D) $15,052

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

A development economist is interested in studying the incomes of consumers
in a particular 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. What is the
upper bound of the 99.7% confidence interval for the average income of the population?
A) $15,424
B) $15,330
C) $15,141
D) $15,052

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