The average salary of 25 random employees in a certain financial sector was 3400 USD. The sample standard deviation was 540 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. 72 O b. 90 O c. 108 O d. 54

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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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
540 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. 72
O b. 90
O c. 108
O d. 54
Transcribed Image Text:The average salary of 25 random employees in a certain financial sector was 3400 USD. The sample standard deviation was 540 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. 72 O b. 90 O c. 108 O d. 54
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