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5. An average fee for an Information Technology Degree program at private universities in Malaysia is RM4081 for an academic year 2022-2023. Suppose that this mean is based on a random sample of 100 universities and a sample standard deviation of RM845. a) Make a 95% confidence interval for the corresponding population mean. b) Provide the interpretation for your answer obtained in 6(a). c) Find the margin error d) How can we reduce the margin error?

5. An average fee for an Information Technology Degree program at private universities in Malaysia is RM4081 for an academic year 2022-2023. Suppose that this mean is based on a random sample of 100 universities and a sample standard deviation of RM845. a) Make a 95% confidence interval for the corresponding population mean. b) Provide the interpretation for your answer obtained in 6(a). c) Find the margin error d) How can we reduce the margin error?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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5. An average fee for an Information Technology Degree program at private universities in Malaysia is RM4081 for an academic year 2022-2023. Suppose that this mean is based on a random sample of 100 universities and a sample standard deviation of RM845. a) Make a 95% confidence interval for the corresponding population mean. b) Provide the interpretation for your answer obtained in 6(a). c) Find the margin error d) How can we reduce the margin error?
Transcribed Image Text:5. An average fee for an Information Technology Degree program at private universities in Malaysia is RM4081 for an academic year 2022-2023. Suppose that this mean is based on a random sample of 100 universities and a sample standard deviation of RM845. a) Make a 95% confidence interval for the corresponding population mean. b) Provide the interpretation for your answer obtained in 6(a). c) Find the margin error d) How can we reduce the margin error?
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