Almost all employees working for financial companies in New York City receive large bonuses at the end of the year. A sample of 63 employees selected from financial companies in New York City showed that they received an average bonus of 46.000 last year with a standard deviation of $20,000. Construct a 98% confidence interval for the average bonus that all employees working for financial companies in New York City received last year.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Almost all employees working for financial companies in New York City receive large bonuses at the end of the year. A sample of 63 employees selected from financial companies in New York City showed that they received an average bonus of 46.000 last year with a standard deviation of $20,000. Construct a 98% confidence interval for the average bonus that all employees working for financial companies in New York City received last year.

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