Solution-A compute the standard error of the mean in

A compute the standard error of the mean in dollars b

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Reference no: EM13584812

The monthly incomes from a random sample of workers in a factory are shown below.

Monthly Income
(In $1,000)

4.0
5.0
7.0
4.0
6.0
6.0
7.0
9.0

a. Compute the standard error of the mean (in dollars).

b. Compute the margin of error (in dollars) at 95% confidence.

c. Compute a 95% confidence interval for the mean of the population. Assume the population has a normal distribution. Give your answer in dollars.

Reference no: EM13584812

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A compute the standard error of the mean in dollars b

Reference no: EM13584812

Reference no: EM13584812

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