A researcher wishes to determine the average take-home pay of a part-time college student. He takes a sample of 100 students and finds a mean of $15,000 and a standard deviation of $20,000. What is the true average take home pay of a part-time college student? i). Use a 95% confidence interval estimator. Use a 99% confidence interval estimator
A researcher wishes to determine the average take-home pay of a part-time college student. He takes a sample of 100 students and finds a mean of $15,000 and a standard deviation of $20,000. What is the true average take home pay of a part-time college student? i). Use a 95% confidence interval estimator. Use a 99% confidence interval estimator
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A researcher wishes to determine the average take-home pay of a part-time college student. He takes a sample of 100 students and finds a mean of $15,000 and a standard deviation of $20,000. What is the true average take home pay of a part-time college student?
- i). Use a 95% confidence interval estimator.
Use a 99% confidence interval estimator
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