Assuming that the surveyed subjects are a random sample of, Basic Statistics

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Assuming that the surveyed subjects are a random sample of

Thomas Stanley, who surveyed 200 millionaires in the United States for his book The Millionaire Mind, found that those in that bracket had an average net worth of $9.2 million. The sample variance was 1.3 million $2.

Assuming that the surveyed subjects are a random sample of U.S. millionaires, give a 99% confidence interval for the average net worth of U.S. millionaires.

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