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In 2000 There Were Almost 300,000 Canadians with More Than μ\mu

Question 14

Multiple Choice

In 2000 there were almost 300,000 Canadians with more than 1 million dollars in financial assets! If the average age of one hundred randomly selected millionaires was 54.8 years with a standard deviation of 7.9 years, what is the 95% confidence interval for the mean age, μ\mu of all Canadian millionaires?


A) 53.5<μ<56.153.5 < \mu < 56.1
B) 53.3<μ<56.353.3 < \mu < 56.3
C) 52.8<μ<56.852.8 < \mu < 56.8
D) 51.7<μ<57.751.7 < \mu < 57.7

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