Construct a 90% confidence interval for the true average monthly salary earned by all employees of People Plus Pty, if it was found that the average monthly salary earned by a sample of 16 employees of the company was R17 500, with a standard deviation of R1 650. Interpret your answer.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.2: Expected Value And Variance Of Continuous Random Variables
Problem 10E
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Q.4.2 Construct a 90% confidence interval for the true average monthly salary earned
by all employees of People Plus Pty, if it was found that the average monthly
salary earned by a sample of 16 employees of the company was R17 500, with a
standard deviation of R1 650. Interpret your answer.

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ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,