Question
8. A simple random sample of size 12 has sample mean of 3.37. The population standard deviation is 1.62. The population is approximately normally distributed.
8. A simple random sample of size 12 has sample mean of 3.37. The population standard deviation is 1.62. The
population is approximately normally distributed. Construct a 95% confidence interval for the population mean. Include
the calculation for margin of error.
14. In a survey of 1118 U.S. adults conducted by the Financial Industry Regulatory Authority, 629 said they always pay
their credit cards in full each month. Construct a 95% confidence interval for the proportion of U.S. adults who pay their
credit cards in full each month. Include calculation for margin of error
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