Question
The monthly incomes for 12 randomly selected people, each with a bachelor's degree in economics, are shown on the right. Complete parts (a) through (c)
The monthly incomes for 12 randomly selected people, each with a bachelor's degree in economics, are shown on the right. Complete parts (a) through (c) below. Assume the population is normally distributed. |
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Part 1
(a) Find the sample mean.
x=enter your response here
(Round to one decimal place as needed.)
Part 2
(b) Find the sample standard deviation.
s=enter your response here
(Round to one decimal place as needed.)
Part 3
(c) Construct a
99%
confidence interval for the population mean
.
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