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3. The monthly incomes from a random sample of faculty at a university are shown below. Monthly Income ($1000s) 3.0 4.0 6.0 3.0 5.0 5.0
3. The monthly incomes from a random sample of faculty at a university are shown below.
Monthly Income ($1000s)
3.0
4.0
6.0
3.0
5.0
5.0
6.0
8.0
Compute a 90% confidence interval for the mean of the population. The population of all faculty incomes is known to be normally distributed. Give your answer in dollars.
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