document.write( "Question 1197854: An economics professor randomly selected 10 millionaires in the United States. The average age of these millionaires was 54.8 years with a standard deviation of 7.9 years. What is the 95% confidence interval for the mean age of all United States millionaires?
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Algebra.Com's Answer #831299 by ewatrrr(24785)![]() ![]() You can put this solution on YOUR website! \r\n" ); document.write( "Hi \r\n" ); document.write( "Sample: n = 10, x-bar = 54.8 and s = 7.9\r\n" ); document.write( "95% CI, t = 2.262\r\n" ); document.write( "ME = 2.262*7.9/√10 = 5.65 = 5.7(rounded to the same accuracy as s)\r\n" ); document.write( "54.8 ± 5.7 \r\n" ); document.write( "CI(49.1,60.5)\r\n" ); document.write( "Wish You the Best in your Studies.\r\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |