Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6- Home Depot wants to know how long the average light bulb lasts. They sample 3,500 families in the United States. Based on past studies
6-
Home Depot wants to know how long the average light bulb lasts. They sample 3,500 families in the United States. Based on past studies the population standard deviation is assumed known to be 400 hours. You calculate the sample mean to be 1,800 hours.
What is the margin of error if you want to use 98% confidence?
(round to two decimal places, e.g. 0.57)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started