The monthly incomes for 12 randomly selected people, each with a bachelor's degree in economics, are shown on the right. Complete parts (a) through (c) below. Assume the population is normally distributed. 4450.42 4455.18 4283.23 3946.93 4596.82 4151.16 4527.88 4023.62 4366.36 3727.12 4407.03 4221.59

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 3CYU
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The monthly incomes for 12 randomly selected people, each with
a bachelor's degree in economics, are shown on the right. Complete
parts (a) through (c) below.
Assume the population is normally distributed.
(a) Find the sample mean.
X= (Round to one decimal place as needed.)
4450 42
4455.18
4283.23
3946.93
4596.82
4151.16
4527.88
4023.62
4366.36
3727.12
4407.03
4221.59
D
Transcribed Image Text:The monthly incomes for 12 randomly selected people, each with a bachelor's degree in economics, are shown on the right. Complete parts (a) through (c) below. Assume the population is normally distributed. (a) Find the sample mean. X= (Round to one decimal place as needed.) 4450 42 4455.18 4283.23 3946.93 4596.82 4151.16 4527.88 4023.62 4366.36 3727.12 4407.03 4221.59 D
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Construct a 95% confidence interval for the population mean. Round to one decimal place.

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Follow-up Question

Find the sample standard deviation 

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