Monthly wages of all college graduates

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Reference no: EM1316895

Confidence interval for mean.

The mean monthly salary of a random sample of 64 college graduates under the age of 30 was found to be $1325 with a standard deviation of $680. Construct a 99% confidence interval forμ, the population mean of monthly salaries of all college graduates under the age of 30. Interpret your answer in the context of the problem.

Reference no: EM1316895


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