Textbook ExpertVerified Tutor
11 Nov 2021
Given information
Given:
The recent survey estimates with
The point estimate for mean U.S. household income and the error bound for mean U.S. household income.
Step-by-step explanation
Step 1.
The confidence interval U.S. household income,
The error bound is calculated from the formula,
Simple mean is calculate using the formula,
Error bound for mean is and simple mean is
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