I dont know what data needs to be given but the mean for this variable is 8,614.10 and the S.D (range) is 4838.
Need help estimating a parameter based on a statistic.
State the random variable and parameter in words:
Confidence interval method including confidence level and rationale for using it:
State and Check the assumption for confidence interval:
Method used to analyze data:
Find the sample statistic and confidence interval: