Question: I need help with this pretty please! The dataset is at the bottom Table 2: Confidence Interval Information and Results Name of Variable: Income State
I need help with this pretty please! The dataset is at the bottom
Table 2: Confidence Interval Information and Results
Name of Variable: Income
State the Random Variable and Parameter in Words:
Random Variable:X - the total amount of income in the household.
Parameter: average amount of income in the household.
Confidence interval method including confidence level and rationale for using it:
Std Deviation = 5138.96615
State and check the assumptions for confidence interval:
Method Used to Analyze Data:
Find the sample statistic and the confidence interval:
Statistical Interpretation:
Data set: Income
SE-Income
98717
96572
96690
96664
96886
96522
97912
96727
96928
95744
97681
95432
94929
96621
95366
101829
98309
112559
106894
98686
103422
100964
95835
102326
106627
95922
95975
99610
114505
106977
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