Textbook ExpertVerified Tutor
11 Nov 2021
Given information
As per the given question ,
The Table 8.13 shows the ages of the corporate CEOs for a random sample of these firms.
Step-by-step explanation
Step 1.
As per the given question using this sample data to construct a % confidence interval for the mean age of CEOs for these top small firms. Use the Student’s-t distribution.
Starting by calculating the point estimate,
Calculate standard deviation of the samples,
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