Xr10-29 Because of different sales ability, experience, and devotion, the incomes of real estate agents vary considerably.

Question:

Xr10-29 Because of different sales ability, experience, and devotion, the incomes of real estate agents vary considerably. Suppose that in a large city the annual income is normally distributed with a standard deviation of $15,000. A random sample of 16 real estate agents was asked to report their annual income (in

$1,000). The responses are listed here. Determine the 99% confidence interval estimate of the mean annual income of all real estate agents in the city.

65 94 57 111 83 61 50 73 68 80 93 84 113 41 60 77

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Management And Economics

ISBN: 9781133420774

9th Edition

Authors: Gerald Keller, Kenneth C Louden

Question Posted: