Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A random sample of 500 individuals reports an average yearly income of $42,000 with a standard deviation of $1000. An estimate of the parameter at

A random sample of 500 individuals reports an average yearly income of $42,000 with a standard deviation of $1000. An estimate of the parameter at the 95% level is about $175 wide. In this research situation:

Group of answer choices:

a. The sample is unrepresentative

b. The sample mean is $175

c. The alpha level is 0.05

d. The parameter is $42,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra And Trigonometry Enhanced With Graphing Utilities (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

7th Edition

0134273842, 9780134273846

More Books

Students also viewed these Mathematics questions

Question

Define Scientific Management

Answered: 1 week ago

Question

Explain budgetary Control

Answered: 1 week ago

Question

Solve the integral:

Answered: 1 week ago

Question

What is meant by Non-programmed decision?

Answered: 1 week ago