A newspaper reported that the mean annual household income of its readers is GHC119,155. Assume this estimate of the mean annual household income is based on a sample of 80 households, and based on past studies, the population standard deviation is known to be o = GHC30,000. Develop a 95% confidence interval estimate of the population mean.

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O A. GHC112,581 to GHC125,729
O B. GHC110,515 to GHC127,795
O C. GHC100,687 to GHC117,125
OD. GHC105,515 to GHC117,795
O E. GHC87,697 to GHC121,781
Transcribed Image Text:O A. GHC112,581 to GHC125,729 O B. GHC110,515 to GHC127,795 O C. GHC100,687 to GHC117,125 OD. GHC105,515 to GHC117,795 O E. GHC87,697 to GHC121,781
A newspaper reported
that the mean annual
household income of its
readers is GHC119,155.
Assume this estimate of
the mean annual
household income is
based on a sample of 80
households, and based on
past studies, the
population standard
deviation is known to be o
= GHC30,000.
Develop a 95% confidence
interval estimate of the
population mean.
Transcribed Image Text:A newspaper reported that the mean annual household income of its readers is GHC119,155. Assume this estimate of the mean annual household income is based on a sample of 80 households, and based on past studies, the population standard deviation is known to be o = GHC30,000. Develop a 95% confidence interval estimate of the population mean.
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