Essay
The monthly incomes from a random sample of workers in a factory are shown below.
a.
Compute the standard error of the mean (in dollars).
b.
Compute the margin of error (in dollars) at 95% confidence.
c.
Compute a 95% confidence interval for the mean of the population.Assume the population has a normal distribution.Give your answer in dollars.
Correct Answer:

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a.
$453.16 (rounde...View Answer
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Correct Answer:
Verified
a.
$453.16 (rounde...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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