Right interpretation for the margin of error

Reference no: EM1386626

Based on a simple random sample of one hundred, an analyst estimates the average hourly wage earned by workers in a city to be $30 and computes the margin of error to be $5. Can we conclude from this that most workers there earn between $25 and $35 per hour? Is this the right interpretation for the margin of error?

Reference no: EM1386626

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Right interpretation for the margin of error : Can we conclude from this that most workers there earn between $25 and $35 per hour? Is this the right interpretation for the margin of error?

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