Which question is irrelevant when setting a financial goal?
1 answer:
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Answer:
And the 96% confidence is given by (110.06; 117.34)
Step-by-step explanation:
Information given
represent the sample mean
population mean (variable of interest)
s=9.1 represent the sample standard deviation
n=29 represent the sample size
Confidence interval
The confidence interval for the mean is given by the following formula:
(1)
The degrees of freedom are given by:
The Confidence is 0.96 or 96%, the significance is and
, and the critical value would be
Replacing the info we got:
And the 96% confidence is given by (110.06; 117.34)