The monthly incomes for 1212 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...













The monthly incomes for
1212

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.































4450.644450.64


4596.364596.36


4366.154366.15




4455.354455.35


4151.254151.25


3727.353727.35




4283.284283.28


4527.054527.05


4407.644407.64




3946.923946.92


4023.674023.67


4221.664221.66











​(a) Find the sample mean.



x overbarxequals=4263.14263.1

​(Round to one decimal place as​ needed.)

​(b) Find the sample standard deviation.



sequals=260.0260.0

​(Round to one decimal place as​ needed.)

​(c) Construct a
9595​%

confidence interval for the population mean
muμ.



A
9595​%

confidence interval for the population mean is
​(nothing​,nothing​).


​(Round to one decimal place as​ needed.)




Jun 05, 2022
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