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

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.3: Measures Of Spread
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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 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
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