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 90% confidence interval of the monthly income of all the families that belong to the poverty level. O a. 3483.553,519.6 O c. 3483.55<µ<3,516 O d. 3483.55>p>3,516.45

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
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 90% confidence interval of the monthly income of all the families that belong to the poverty level.
O a. 3483.55<µ<3,516.45
O b. 3474.25<µ>3,519.6
O c. 3483.55<µ<3,516
O d. 3483.55>p>3,516.45
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 90% confidence interval of the monthly income of all the families that belong to the poverty level. O a. 3483.55<µ<3,516.45 O b. 3474.25<µ>3,519.6 O c. 3483.55<µ<3,516 O d. 3483.55>p>3,516.45
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman