Question

An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in Texas. Suppose that the mean income is found to be $23.7 for a random sample of 4825 people. Assume the population standard deviation is known to be $11.2. Construct the 90% confidence interval for the mean per capita income in thousands of dollars. Round your answers to one decimal place.

Answer 1

The answer is 50%...