An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is know to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What is the upper end point in a 99% confidence interval for the average income? Answer: Upper End Point: $ (use 2 decimal places) Espacio en Blanco 1:
An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is know to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What is the upper end point in a 99% confidence interval for the average income? Answer: Upper End Point: $ (use 2 decimal places) Espacio en Blanco 1:
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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Answer for this question (with 2 decimals)
![An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is known
to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What is the upper end point in a 99%
confidence interval for the average income?
Answer: Upper End Point: $
(use 2 decimal places)
Espacio en Blanco 1:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc5a8336e-5965-4109-8386-24a59e48af86%2Fa982cded-0f82-44d4-84dc-2082fa55b7e3%2F1mqj7f9_processed.png&w=3840&q=75)
Transcribed Image Text:An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is known
to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What is the upper end point in a 99%
confidence interval for the average income?
Answer: Upper End Point: $
(use 2 decimal places)
Espacio en Blanco 1:
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