Solution-Upper limit of the confidence

Upper limit of the confidence

Reference no: EM132173765

A focus group of 16 companies was asked to estimate the annual amount spent on staff training. For this group, the average was $1,247 with a standard deviation of $313. If we construct a 99% confidence interval of the average amount spent per year by companies on staff training, what is the upper limit of the confidence interval, rounding to the nearest dollar?

Reference no: EM132173765

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Upper limit of the confidence

Reference no: EM132173765

Reference no: EM132173765

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