An economist claims that the population standard deviation of the monthly income of all the families that belong to the poverty level is Php 2, 500.00. A group of researchers surveyed 250 families that belong to the poverty level and obtained a mean monthly income of Php 3, 500.00. Assume that the monthly income of the families is approximately normally distributed. Find the length of the confidence interval with confidence level of 99%. O a. 50 O b. 51.5 O c. 39.2 O d. 32.7

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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An economist claims that the population standard deviation of the monthly income of all the families that
belong to the poverty level is Php 2, 500.00. A group of researchers surveyed 250 families that belong to the
poverty level and obtained a mean monthly income of Php 3, 500.00. Assume that the monthly income of the
families is approximately normally distributed.
Find the length of the confidence interval with confidence level of 99%.
O a.
50
O b. 51.5
O c. 39.2
O d. 32.7
Transcribed Image Text:An economist claims that the population standard deviation of the monthly income of all the families that belong to the poverty level is Php 2, 500.00. A group of researchers surveyed 250 families that belong to the poverty level and obtained a mean monthly income of Php 3, 500.00. Assume that the monthly income of the families is approximately normally distributed. Find the length of the confidence interval with confidence level of 99%. O a. 50 O b. 51.5 O c. 39.2 O d. 32.7
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