[Solution] As the Economic Planner for the International Monetary Fund, It Is your Job to Estimate the Population Saving Rate Mean in Southeast Asia. Recently
Question: As the Economic Planner for the International Monetary Fund, It Is your Job to Estimate the Population Saving Rate Mean in Southeast Asia. Recently your staff randomly selected nine countries in Southeast Asia and obtained a sample mean savings
rate of 17.5% with a standard deviation of 4.6%. Estimate the Population mean with a ninety-five percent confidence Interval. Assume the population standard deviation Is unknown.
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