An Economist Is Interested in Studying the Incomes of Consumers

question 34

Multiple Choice

An economist is interested in studying the incomes of consumers in a particular region.The population standard deviation is known to be $2,000.A random sample of 50 individuals resulted in an average income of $30,000.
-What is the upper end point in a 99% confidence interval for the average income?

• A) $30,282
• B) $30,1042
• C) $30,728
• D) $30,660

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Definitions:

Genetic Makeup

The complete set of genes or genetic material present in a cell or organism.

Gametes

Gametes that merge in the process of sexual reproduction to create a new life form.

Genotype

The genetic makeup of an organism, consisting of both the visibly expressed genes and those that are not expressed.

Heterozygous

Having two different alleles of a particular gene, one inherited from each parent.