SOLUTION: The average base salaries of ten random basketball players was $4.5 million and a standard deviation of $2.8 million. What is 95% confidence interval for the mean salaries of baske

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Question 303102: The average base salaries of ten random basketball players was $4.5 million and a standard deviation of $2.8 million. What is 95% confidence interval for the mean salaries of basketball players?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
The 95% confidence interval would be
(X+%2B-+1.96%28sigma%2Fsqrt%28N%29%29)
where N=10 and sigma=2.8
.
.
.
(4.5+%2B-+1.96%282.8%2Fsqrt%2810%29%29)
(4.5+%2B-+1.74%29)
(2.76,6.24) million