As part of a survey, you ask a random sample of business owners how much they would

Question:

As part of a survey, you ask a random sample of business owners how much they would be willing to pay for a website for their company. The results are shown in the figure. Use a 90% level of confidence.

Assume the sample is from a normally distributed population and construct the indicated confidence intervals for

(a) The population variance σ²

(b) The population standard deviation σ. Interpret the results.

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Elementary Statistics Picturing The World

ISBN: 9780321911216

6th Edition

Authors: Ron Larson, Betsy Farber

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Question Posted: Nov 24, 2015 07:53 AM

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As part of a survey, you ask a random sample of business owners how much they would

Question:

How much will you pay for your site? n30 s $3600

Step by Step Answer:

a n 1s 2 X R 2 n 1s 2 X L 2 29 3600 2 42557 29 3600 2 17708 88...View the full answer

Elementary Statistics Picturing The World

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