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Instruction: for Each Situation Below,construct the 95% Confidence Interval Estimate

question 45

Essay

Instruction: For each situation below,construct the 95% confidence interval estimate to the population.Assume that the results are based on a nationally representative sample.Express the estimate in a sentence.
Refer to the instruction.The average years of school completed for 734 respondents was 11.9 with a standard deviation of 0.5.


Definitions:

Total Profit

The overall financial gain made by a business after subtracting all expenses from total revenue.

Graph

A diagram representing a system of connections or interrelations among two or more things by a number of distinctive dots, lines, bars, etc.

Rectangle

A four-sided polygon with four right angles and opposite sides of equal length.

Perfect Competitors

Market participants in a perfectly competitive market where no single buyer or seller has the power to influence prices.

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