Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A random sample of 55 charges on a credit card had a mean of $57.65.The population standard deviation is $12.56.You are asked to construct a

A random sample of 55 charges on a credit card had a mean of $57.65.The population standard deviation is $12.56.You are asked to construct a 92% confidence interval. Based on that information, answer the following questions.

A.What is /2?

B.Write down either the formula you will use or the calculator command.

C.State the interval.Round to two decimal places if possible.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Art Of Proof Basic Training For Deeper Mathematics

Authors: Matthias Beck, Ross Geoghegan

1st Edition

1441970231, 9781441970237

More Books

Students also viewed these Mathematics questions

Question

LO2 Discuss the constraints faced in a typical recruitment process.

Answered: 1 week ago