(See Solution) Dr. Ben Bernanke, Director of College Admission wishes to estimate the population mean of current annual earnings for UAA criminal justice
Question: Dr. Ben Bernanke, Director of College Admission wishes to estimate the population mean of current annual earnings for UAA criminal justice graduates. He takes a random sample of 7 students and determines that the mean annual salary Is $34,800 with a standard deviation of $9,500, Estimate the population mean given a 99% confidence interval. Assume the population standard deviation is unknown.
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