In 2000 There Were Almost 300,000 Canadians with More Than $\mu$

question 14

Multiple Choice

In 2000 there were almost 300,000 Canadians with more than 1 million dollars in financial assets! If the average age of one hundred randomly selected millionaires was 54.8 years with a standard deviation of 7.9 years, what is the 95% confidence interval for the mean age, $\mu$ of all Canadian millionaires?

• A) \(53.5 < \mu < 56.1\)
• B) \(53.3 < \mu < 56.3\)
• C) \(52.8 < \mu < 56.8\)
• D) \(51.7 < \mu < 57.7\)

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