Find margin of error in estimating population mean

Assignment Help Basic Statistics

Reference no: EM13131090

Determine the margin of error in estimating the population mean. a 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: EM13131090

Questions Cloud

Probability that total number of customers are greater : What is the probability that the total number of customers who enter the supermarket in one day is greater than 11700?

Illustrate what was shareholders equity : During 2012, half of the treasury stock was resold for $270,000; net income was $550,000; Illustrate what was shareholders equity as of Dec 31, 2011?

Verbal and nonverbal communication play : In this week’s Discussion, you will explore how verbal and nonverbal communications are used in face-to-face environments.

What conclusion can be drawn from the calculations : Trade Credit Discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?

Find margin of error in estimating population mean : Determine the margin of error in estimating the population mean. a sample of 68 college students yields a mean annual income of $3248.

What are the firms best response functions : What are the two firms' best response functions? Show you calculations and what will be the market price, the market output, the output of each firm and the firms' profits?

Explain fatty acid oxidation and different from one another : How are fatty acid oxidation and different from one another, Metabolism uses various ways to ensure that 2 opposing pathways do not occur at the same time. For the following pair of pathways list 2 ways (different cell location

What are main ethical challenges you believe to be facing : What are main ethical challenges you believe to be facing the accounting profession? Why do you think the general public believes that the practice of accounting does not involve any major ethical considerations?

Compute how many buses of each trip for the least possible : the rental cost for a large bus is800 and 600 for the small bus compute how many buses of each type should be used for the trip for the least possible cost

User Account

All Pages