Answer the following questions…

Respond to the following in a minimum of 175 words:

The mean yearly income for construction workers in New York has been calculated as $78,000, with a range of $74,000 to $82,000.

a. If a confidence interval of 95% has been calculated with respect to this range and mean, what does that confidence interval tell us? (Hint: Definition of confidence interval)

b. In your opinion, is a confidence interval of 95% useful? Why or why not?

c. Use the empirical rule. Calculate the standard deviation.

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Answer the following questions…

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