Let the following sample of 8 observations be drawn from a normal population with unknown mean and
Question:
a. Calculate the sample mean and the sample standard deviation.
b. Construct the 80% confidence interval for the population mean.
c. Construct the 90% confidence interval for the population mean.
d. What happens to the margin of error as the confidence level increases from 80% to 90%?
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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