Question: Be sure to determine correctly whether the confidence intervals are calculated with the normal distribution or the t distribution. A survey was conducted to estimate
A survey was conducted to estimate the annual income of CEOs of large corporations. Twenty companies were surveyed and the mean income for this group was $220,000 with a standard deviation of $21,000, and the distribution of this group appeared normal. Construct the 99% confidence interval for the mean annual income of all CEOs of large corporations.
Step by Step Solution
3.44 Rating (163 Votes )
There are 3 Steps involved in it
n 30 and o unknown use t x ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
789-M-S-S-I (5331).docx
120 KBs Word File
