Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manager records the repair cost for 14 randomly selected dryers. A sample mean of $88.34 and standard deviation of $19.22 are subsequently computed. Determine
A manager records the repair cost for 14 randomly selected dryers. A sample mean of $88.34 and standard deviation of $19.22 are subsequently computed. Determine the 90% confidence interval for the mean repair cost for the dryers. Determine the population is approximately normal.
Step 1 of 2: Find the critical value that should be used in construction the confidence interval. Round your answer to three decimal places.
step 2 of 2: Construct the 90 % confidence interval. Round your answer to two decimal places. Lower endpoint: Upper endpoint:
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