Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A researcher records the repair cost for8 randomly selected refrigerators. A sample mean of$57.89and standard deviation of$23.69 are subsequently computed. Determine the95% confidence interval for

A researcher records the repair cost for8 randomly selected refrigerators. A sample mean of$57.89and standard deviation of$23.69 are subsequently computed. Determine the95% confidence interval for the mean repair cost for the refrigerators. Assume the population is approximately normal.

Step 1 of 2:Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.

Step 2 of 2:Construct the95%confidence interval. Round your answer to two decimal place

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

Step: 3

blur-text-image

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

Algebra

Authors: Marvin L Bittinger

12th Edition

0321922913, 9780321922915

More Books

Students also viewed these Mathematics questions

Question

2. To store it and

Answered: 1 week ago