Use the Following to Answer Questions

question 25

Short Answer

Use the following to answer questions :
A random sample of 29 workers selected from a large company produced a variance of their weekly earnings equal to 8124.Assume that the population is normally distributed.
-Based on this sample,the 95% confidence interval for the standard deviation of the weekly earnings of all of this company's employees,rounded to the nearest cent,is:

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Definitions:

Individual Seller

A single entity or person engaged in the act of selling goods or services, typically on a small scale or directly to consumers.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, due to higher market price.

Individual Producer Surplus

The net gain to an individual seller from selling a good; equal to the difference between the price received and the seller’s cost.

Phantom Tickets

Tickets for an event that are sold or promised to a customer but actually do not exist or are not available.