The average salary of 25 random employees in a certain financial sector was 3400 USD. The sample standard deviation was 270 USD. We are interested in the 90% confidence interval for the population mean. What is the value of the standard error? Select one: O a. 54 O b. 108 O c. 90 O d. 72

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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The average salary of 25 random employees in a
certain financial sector was 3400 USD. The sample
standard deviation was 270 USD. We are
interested in the 90% confidence interval for the
population mean. What is the value of the standard
error?
Select one:
О а. 54
оb. 108
O c. 90
O d. 72
Transcribed Image Text:The average salary of 25 random employees in a certain financial sector was 3400 USD. The sample standard deviation was 270 USD. We are interested in the 90% confidence interval for the population mean. What is the value of the standard error? Select one: О а. 54 оb. 108 O c. 90 O d. 72
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