Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Adult entrance fees to amusement parks in the United Statesare normally distributed with a population standard deviation of2.5 dollars and an unknown population mean. A

Adult entrance fees to amusement parks in the United Statesare normally distributed with a population standard deviation of2.5

dollars and an unknown population mean. A random sample of22

entrance fees at different amusement parks is taken and results in a sample mean of61

dollars.

Find themargin of errorfor a99%

confidence interval for the population mean.

z

0.10

z

0.10

z

0.05

z

0.05

z

0.025

z

0.025

z

0.01

z

0.01

z

0.005

z

0.005

1.282

1.645

1.960

2.326

2.576

You may use a calculator or the commonz

values above.

  • Round the final answer to twodecimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

Students also viewed these Mathematics questions