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Explanation:
The correct answer is A) [$193,247, $206,753].
Explanation:
To construct a 95% confidence interval for the population mean when the sample size is large (n=100), we use the formula:
Where:
$200,000$$34,456$Calculation:
. Margin of error = 3. Lower bound = 4. Upper bound = Therefore, the 95% confidence interval is approximately [$193,247, $206,753].
Why other options are incorrect:
Construct a 95% confidence interval for the ending mutual fund capital amount where the number of simulations is 100, the mean ending capital is $200,000, and the standard deviation is $34,456.
A
[$193,247, $206,753]
B
[$193,177.7, $200,000]
C
[$193, $206]
D
[$180,000, $220,000]
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