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# Sampling Variability and Standard Error

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Based on a simple random sample of one hundred an analyst estimates the average hourly wage earned by workers in a city to be \$30 and computes the margin of error to be \$5. Can we conclude from this that most workers there earn between \$25 and \$35 per hour? Is this the right interpretation for the margin of error?

https://brainmass.com/statistics/confidence-interval/sampling-variability-and-standard-error-254806

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Based on a simple random sample of one hundred an analyst estimates the average hourly wage earned by workers in a city to be \$30 and computes the margin of error to be \$5. Can we conclude from this that most workers there earn between \$25 and \$35 per hour? Is this the right interpretation for the margin of error?

Limits of Confidence interval = ...

#### Solution Summary

Interprets the margin of error in Excels.

\$2.49