Restating the conditions of problem 1, the cost to buy t-shirts is $5.00 for the first 10 shirts, $4.00 for each additional shir
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Answer:
the 90% of confidence intervals for the average salary of a CFA charter holder
(1,63,775 , 1,80,000)
Step-by-step explanation:
<u>Explanation</u>:-
random sample of n = 49 recent charter holders
mean of sample (x⁻) = $172,000
standard deviation of sample( S) = $35,000
Level of significance α= 1.645
<u> 90% confidence interval</u>
on calculation , we get
(1,63,775 , 1,80,000)
The mean value lies between the 90% of confidence intervals
(1,63,775 , 1,80,000)