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Mathematics, 15.04.2020 22:26 hhvgbv49551
An economist wants to estimate the mean income for the first year of work for college graduates who have had the profound wisdom to take a statistics course. How many such incomes must be found if we want to be 95% confident that the sample mean is within $500 of the true population mean? Assume that a previous study has revealed that for such incomes, σ = $6250
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