An Economist Is Interested in Studying the Incomes of Consumers

question 132

Multiple Choice

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 width of the 90% confidence interval?

• A)$232.60
• B)$364.30
• C)$465.23
• D)$728.60

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Definitions:

Human Beings

Members of the species Homo sapiens, characterized by their capacity for complex language, abstract thought, and social structures.

Anthropocentrism

The belief that human beings are the most important entity in the universe, often leading to the interpretation of reality through a human-centric viewpoint.

Physical Environment

The surrounding physical conditions in which organisms live, including geography, climate, and man-made structures.

Carbon Dioxide Emissions

The release of CO2 into the atmosphere, primarily through human activities such as burning fossil fuels, which contributes to global warming and climate change.