Question

to. Cóllege students annual earnings are hormally distributed with standard deviation σ $800. If the mean earning for group ofAstudents is $4000, construct a 95% confidence interval estimate of the mean annual earnings for all colløge students.
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Answer #1

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Standard error of mean=800/sqrt(64)=100

Sample mean=4000

critical z value for 97% Confidence level is 2.17

97% confidence interval for mean annual earnings

=4000+/-2.17*100

=4000+/-217

=(3783, 4217)

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