An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is known to be $1,000. A random sample of 50 individuals resulted in an...

Answer for this question (with 2 decimals)

Extracted text: An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is known to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What is the upper end point in a 99% confidence interval for the average income? Answer: Upper End Point: $ (use 2 decimal places) Espacio en Blanco 1: