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Inga [223]
4 years ago
12

Determine the margin of error in estimating the population mean, μ . A sample of 74 college students yields a mean annual income

of Assuming that , find the margin of error in estimating μ at the 99% level of confidence.

Mathematics
1 answer:
Julli [10]4 years ago
7 0

Answer:

$253

Step-by-step explanation:

Margin of error is the critical value times the standard error.

MoE = z × σ/√n

At 99% confidence, z = 2.576.

MoE = 2.576 × 844/√74

MoE = 253

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Step-by-step explanation:

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