Question 28 Previous QUESTION 17 An economist is interested in studying the monthly incomes of consumers in a particular region The population standard deviation of monthly income is known to be RM1000. A random sample of 55 individuals resulted in an average monthly income of RM15,000. What is the upper end point in a 99 % confidence interval for the average monthly income in this region? A) RM15,364 B) RM15.328 C) RM15,347 D) RM15 382 A.
Question 28 Previous QUESTION 17 An economist is interested in studying the monthly incomes of consumers in a particular region The population standard deviation of monthly income is known to be RM1000. A random sample of 55 individuals resulted in an average monthly income of RM15,000. What is the upper end point in a 99 % confidence interval for the average monthly income in this region? A) RM15,364 B) RM15.328 C) RM15,347 D) RM15 382 A.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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