Confidence interval for the population mean basics, Basic Statistics

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Confidence interval for the population mean basics

Using the given data set, find (a) the sample mean, (b) the sample standard deviation, (c) construct a 98% confidence interval for the population mean μ. Assume the data set is normally distributed.

The monthly incomes for 14 randomly selected people, each with a bachelor's degree in economics (adapted from U.S. Bureau of Labor Statistics)

5418.76 5278.63 5912.05 6118.35 5647.86 5714.38 5365.19 5524.91 5761.57 4924.16 5494.66 5619.74 6205.64 5801.23

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Basic Statistics: Confidence interval for the population mean basics

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Basic Statistics: Confidence interval for the population mean basics

Reference No:- TGS0123650

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Recent Questions Asked Basic Statistics

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Ask an Expert for Answer!!

Basic Statistics: Confidence interval for the population mean basics

Reference No:- TGS0123650

Recent Questions Asked Basic Statistics

Q : Constant probability of a burned out tube

Q : Proportions of two independent populations related problem

Q : Mercury and the standard deviation

Q : Detyermine the equation of the regression line

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Q : Determine the minimum sample size

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Q : Find the minimum sample size needed

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