Final answer:
To find the 99% confidence interval of the mean number of jobs for retired men, use the formula CI = X ± Z * (σ/√n). Plugging in the values, the 99% confidence interval is approximately (6.435, 7.965).
Step-by-step explanation:
To find the 99% confidence interval of the mean number of jobs, we can use the formula: CI = X ± Z * (σ/√n)
Where:
- X = sample mean = 7.2
- Z = z-score for the desired confidence level = 2.575 (from the z-table)
- σ = population standard deviation = 2.1
- n = sample size = 50
Plugging in the values:
CI = 7.2 ± 2.575 * (2.1/√50)
Simplifying:
CI = 7.2 ± 2.575 * 0.297
CI = 7.2 ± 0.765
The 99% confidence interval of the mean number of jobs is approximately (6.435, 7.965).