In a Survey Sample of 83 Respondents,the Mean Number of Hours

question 27

Short Answer

In a survey sample of 83 respondents,the mean number of hours worked per week is 39.04,with a standard deviation of 11.51.Calculate a 95% confidence interval for these data.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Money Income

The total income in the form of money received by an individual or household before taxes from all sources in a given time period.

Consumer

Consumer is an individual or group that purchases goods or services for personal use, not for manufacture or resale, driving the demand side of the marketplace.