Confidence interval for average net worth of us millionaires

Reference no: EM131373616

Thomas Stanley, who surveyed 200 millionaires in the United States for his book The Millionaire Mind, found that those in that bracket had an average net worth of $9.2 million. The sample variance was 1.3 million $2.

Assuming that the surveyed subjects are a random sample of U.S. millionaires, give a 99% confidence interval for the average net worth of U.S. millionaires.

Reference no: EM131373616

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