Aresearcher is estimating the mean income of residents in a large city. the income variable is usually skewed to the right. she collects a random sample of 25 people. the resulting 95% confidence interval is ($26700, $35400). which one of the following conclusions is valid? we are 95% confident that the mean income for all residents of this city is between $26700 and $35400. 95% of the residents of this city have an income between $26700 and $35400. no conclusion can be drawn.

We are 95% confident that the mean income for all residents of this city is between $26700 and $35400.

Step-by-step explanation:

We know that a 95% confidence interval given an interval of values that we can be 95% sure , that it contains the true mean of the population, not 95% of data lies in it.

Given : A researcher is estimating the mean income of residents in a large city. The income variable is usually skewed to the right. She collects a random sample of 25 people.

The resulting 95% confidence interval is ($26700, $35400).

Then, valid conclusion will be :  We are 95% confident that the mean income for all residents of this city is between $26700 and $35400.

70,000 + 6,000 + 800 + 30

step-by-step explanation:

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