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Confidence interval of the population mean age

In a study of 10 insurance sales representatives from a certain large city, the average age of the group was 48.6 years and the standard deviation was 4.1 years. Assume the variable is normally distributed. Find the 95% confidence interval of the population mean age off all insurance sales representatives in that city.

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Finance Basics: Confidence interval of the population mean age

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Confidence interval of the population mean age

Reference No:- TGS0681366

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Prepare all necessary journal entries for the year

Q : Calculate the gross margin per unit

Q : Find decrease in value of company due to bankruptcy costs

Q : Which is the cost per equivalent unit for direct labor

Q : Confidence interval of the population mean age

Q : How much fixed manufacturing overhead is in ending

Q : What is the cost reduction target

Q : How many units of each need to be sold to break even

Q : Data on oxygen consumption

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Confidence interval of the population mean age

Reference No:- TGS0681366

Recent Questions Asked Finance Basics

Q : Prepare all necessary journal entries for the year

Q : Calculate the gross margin per unit

Q : Find decrease in value of company due to bankruptcy costs

Q : Which is the cost per equivalent unit for direct labor

Q : Confidence interval of the population mean age

Q : How much fixed manufacturing overhead is in ending

Q : What is the cost reduction target

Q : How many units of each need to be sold to break even

Q : Data on oxygen consumption

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