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A random sample of 400 incomes of unionized transit workers was taken in order to estimate the mean household income and the percentage of incomes
A random sample of 400 incomes of unionized transit workers was taken in order to estimate the mean household income and the percentage of incomes that exceed $80,000. The results of this random sample yields the following results:
- Sample Mean = $40,000.
- Sample Standard Deviation = $7,500
- The number of incomes that exceed $80,000 is 60.
A 95% confidence interval for the percentage of incomes that exceed $80,000 in
the population of all transit workers is:
(11.5 , 18.5)
(10.6 , 19.4)
(13.8 , 16.2)
(9.3 , 20.7)
(12.7 , 18.3)
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