QUESTION 5 A recent study based on 25 families showed that the average cost of education, from primary to university, in the UAE is 365,000 AED with a standard deviation of 10,000 AED, Assuming that the costs of education are normally distributed, find the upper limit of the 97% confidence interval.
QUESTION 5 A recent study based on 25 families showed that the average cost of education, from primary to university, in the UAE is 365,000 AED with a standard deviation of 10,000 AED, Assuming that the costs of education are normally distributed, find the upper limit of the 97% confidence interval.
A First Course in Probability (10th Edition)
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Author:Sheldon Ross
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![QUESTION 5
A recent study based on 25 families showed that the average cost of education, from primary to university, in the UAE
is 365,000 AED with a standard deviation of 10,000 AED. Assuming that the costs of education are normally
distributed, find the upper limit of the 97% confidence interval.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd366b08e-148c-40ad-ba70-34c33f8bdff6%2F4328df69-a66a-403b-86fb-febf17b50962%2Fh07sgrr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 5
A recent study based on 25 families showed that the average cost of education, from primary to university, in the UAE
is 365,000 AED with a standard deviation of 10,000 AED. Assuming that the costs of education are normally
distributed, find the upper limit of the 97% confidence interval.
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