Determine margin of error in estimating population mean

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Determine the margin of error in estimating the population mean. Sample of 68 college students yields a mean annual income of $3248. Assuming that the standard deviation = $885, find the margin of error in estimating mean at the 99% level or confidence.

Reference no: EM13117333

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Determine margin of error in estimating population mean : Determine the margin of error in estimating the population mean. Sample of 68 college students yields a mean annual income of $3248. Assuming that the standard deviation = $885.

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