1. A random sample of 100 households in Whatcom County yielded an average household income of $86,000, with a sample standard deviation of $3,600. Assume the distribution of household income is Normal. a. Use this information to compute a 95% confidence interval for the population mean household income in Whatcom County. Please clearly show that you checked to make sure the data meet all necessary conditions for inference. b. Interpret the meaning of the confidence interval you found in part a in the context of this application.
1. A random sample of 100 households in Whatcom County yielded an average household income of $86,000, with a sample standard deviation of $3,600. Assume the distribution of household income is Normal. a. Use this information to compute a 95% confidence interval for the population mean household income in Whatcom County. Please clearly show that you checked to make sure the data meet all necessary conditions for inference. b. Interpret the meaning of the confidence interval you found in part a in the context of this application.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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