
Explanation:
To calculate the 95% confidence interval for the mean, we use the formula:
Given: for 95% confidence
Margin of error
The confidence interval is $130 \pm 5.54(124.46, 135.54)$. This closely matches option D (124.5, 135.5).
Ultimate access to all questions.
Q.70 A random sample of 50 FRM exam candidates was found to have an average IQ of 130. The standard deviation among candidates is known (approximately 20). Assuming that IQs follow a normal distribution, calculate a 2-sided 95% confidence interval for the mean IQ of FRM candidates.
A
(125, 135).
B
$1.96 \pm 5.5$.
C
(130, 135.5).
D
(124.5, 135.5).
No comments yet.