question archive According to the Australian Bureau of Statistics (ABS) original data, the average weekly earnings of full-time adults (total earnings) as of May 2020 is $1768
According to the Australian Bureau of Statistics (ABS) original data, the average weekly earnings of full-time adults (total earnings) as of May 2020 is $1768
Subject:MathPrice: Bought3
According to the Australian Bureau of Statistics (ABS) original data, the average weekly earnings of full-time adults (total earnings) as of May 2020 is $1768.90 with a standard error of $11.40. This was based on a sample of more than 5000 units.
a). Construct a 95% confidence interval for the average weekly earning of full-time adults in Australia
b). Interpret the confidence interval you constructed above
c). Do you believe the average weekly earnings of all full-time adults in Australia could be $1800? Why or why not?
