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An economist wants to estimate the mean per capita income (in thousands of dollars) for a...

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Statistics

An economist wants to estimate the mean per capita income (inthousands of dollars) for a major city in Texas. Suppose that themean income is found to be $36.6 for a random sample of 1012people. Assume the population standard deviation is known to be$8.5. Construct the 80% confidence interval for the mean per capitaincome in thousands of dollars. Round your answers to one decimalplace.

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Solution Given thatPoint estimate sample mean 366Population standard    See Answer
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