Is the right interpretation for the margin of error, Basic Statistics

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Is the right interpretation for the margin of error

Based on a simple random sample of one hundred, an analyst estimates the average hourly wage earned by workers in a city to be $30 and computes the margin of error to be $5. Can we conclude from this that most workers there earn between $25 and $35 per hour? Is this the right interpretation for the margin of error?

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Basic Statistics: Is the right interpretation for the margin of error

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Basic Statistics: Is the right interpretation for the margin of error

Reference No:- TGS094541

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Recent Questions Asked Basic Statistics

Q : Estrogen level correspond to the change in thickness

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Is the right interpretation for the margin of error

Reference No:- TGS094541

Recent Questions Asked Basic Statistics

Q : Estrogen level correspond to the change in thickness

Q : Does the law of averages relate to the answer

Q : A laser beam with a 1 mm diameter is aligned to a detector

Q : Polynomials are easy to generate

Q : Is the right interpretation for the margin of error

Q : Overhead budget variance for the month

Q : Two lines below are a segment of double stranded dna

Q : Suppose you are making a database

Q : How large a sample would be needed for such a poll

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