A study was conducted to determine the average salary of a teacher. With this, 81 teachers were invited as samples. It was known that the mean salary of these sample teachers is Php 24,000.00 with a standard deviation of Php 1,000.00. Construct a 90% confidence interval estimate for the average salary of all teachers.
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A 90% confidence interval for the average salary of all teachers is given as,
From the t distribution table,
Therefore, the 90% confidence interval is,
Which is given as,