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An Economist Is Interested in Studying the Incomes of Consumers

Question 50

Multiple Choice

An economist is interested in studying the incomes of consumers in a particular country.The
Population standard deviation is known to be $1,000.A random sample of 50 individuals
Resulted in a mean income of $15,000.What is the upper end point in a 99% confidence
Interval for the average income?


A) $15,052
B) $15,141
C) $15,330
D) $15,364

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