A survey of 100 businesses revealed that the mean after-tax profit was $80,000 and the standard deviation was $12,000. Determine the 99% confidence interval estimate of the mean after-tax profit. a. [77060, 82940] b. [76904, 83096] Oc. [76130, 83870] d. [77540, 82460] e. [78032, 81968]

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 11PPS
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A survey of 100 businesses revealed that the mean after-tax profit was $80,000 and the standard deviation was $12,000.
Determine the 99% confidence interval estimate of the mean after-tax profit.
a. [77060, 82940]
b. [76904, 83096]
c. [76130, 83870]
d. [77540, 82460]
OO
e. [78032, 81968]
Transcribed Image Text:A survey of 100 businesses revealed that the mean after-tax profit was $80,000 and the standard deviation was $12,000. Determine the 99% confidence interval estimate of the mean after-tax profit. a. [77060, 82940] b. [76904, 83096] c. [76130, 83870] d. [77540, 82460] OO e. [78032, 81968]
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