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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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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