[Step-by-Step] The American Management Association wishes to have information on the mean income of middle managers in the retail industry. A random sample
Question: The American Management Association wishes to have information on the mean income of middle managers in the retail industry. A random sample of 256 managers reveals a sample mean salary of $45,420. The standard deviation of this sample is $2,050. Using a 95% confidence-interval determine what is the reasonable range of values for the population mean.
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