Question
You are working for a government department and your boss, Jane, has asked you to calculate some results on weekly household income across the state,
You are working for a government department and your boss, Jane, has asked you to calculate some results on weekly household income across the state, including a 95% confidence interval for the mean weekly household income that she needs to include in a report. She also says that she is not sure exactly what a 95% confidence interval means and would like you to add an explanation.
You have been supplied with a sample of weekly income figures for 110 households. The data is presented here:
1310, 1857, 1320, 2058, 849, 1595, 917, 1077, 1837, 1724, 1763, 2048, 1627, 2183, 2393, 2197, 2121, 2017, 1108, 2082, 2203, 1507, 2184, 2063, 1540, 1735, 1640, 2240, 1580, 1792, 1170, 1283, 1332, 1089, 1505, 2257, 1836, 1825, 1437, 1726, 2023, 981, 2157, 1261, 1641, 2248, 1689, 1559, 1906, 2286, 2299, 1197, 1959, 2310, 1735, 1555, 1443, 2214, 1501, 1569, 1593, 2076, 1601, 1942, 1851, 1523, 1752, 1685, 1828, 2523, 1210, 1055, 2069, 990, 1903, 1315, 1885, 392, 1642, 2261, 965, 1393, 2164, 1339, 849, 1837, 1125, 1745, 1789, 2038, 1541, 1994, 1820, 1508, 1523, 789, 1597, 1890, 1052, 1315, 1596, 1633, 1631, 1437, 1621, 1739, 2085, 1680, 1720, 1709 Historically, the standard deviation in weekly household income is $429. Complete the report to your boss. Give your numeric answers to 2 decimal places. Assuming a population standard deviation in weekly household income of $429, the 95% confidence interval for the mean weekly household income is: a)________ _______
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