Question

Salaries of 37 college graduates who took a statistics course in college have a mean, X, of $62,900. Assuming a standard deviation, of $17,365, construct a 99% confidence interval for estimating the population mean u.

Answer 1

Answer: a 99% confidence interval for the average salary of college graduates who took a statistics course is calculated to be between $55,507.50 and $70,292.50. This means that we are 99% confident that the true average salary for this population falls within this range.

Received message. Sure! In simpler terms, a 99% confidence interval for the average salary of college graduates who took a statistics course is calculated to be between $55,507.50 and $70,292.50. This means that we are 99% confident that the true average salary for this population falls within this range.

Explanation: