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
Correct Answer:
Verified
Correct Answer:
Verified
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