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An economist is interested in studying the incomes of consumers in a country.The population standard deviation is known to be $1,000.A random sample of 50 individuals resulted in a mean income of $15,000.What is the upper end in a 99% confidence interval for the average income?
Success Factors
The essential elements, strategies, or activities that are necessary for an organization or individual to achieve their goals and ensure long-term sustainability.
Expenditure
The act of spending funds or using resources for various purposes, such as operations, investments, or acquisitions.
Conflict of Interest
A situation in which a person or organization has competing interests or loyalties that could potentially interfere with the ability to make impartial decisions.
Marketing Tactics
Strategies or actions aimed at promoting and selling a product or service by targeting specific customer segments.
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