Carlos owns an orchard. His apple trees produced 315 bushels of apples. Each bushel of apples weighs about 48 pounds. There are
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Answer:
The 90% confidence interval estimate of the mean annual income of all company presidents is ($579,545, $590,580).
Step-by-step explanation:
The information provided is:
The critical value of <em>z</em> for 90% confidence level is, 1.645.
Compute the 90% confidence interval estimate of the mean annual income of all company presidents as follows:
Thus, the 90% confidence interval estimate of the mean annual income of all company presidents is ($579,545, $590,580).
This interval implies that there is 90% probability that the true mean annual income of all company presidents is within this interval.