Question
Diamonds. Suppose you are planning to purchase a diamond and are curious about how much money you would need to spend. A random sample of
Diamonds. Suppose you are planning to purchase a diamond and are curious about how much money you would need to spend. A random sample of 351 diamonds was taken and their size (in carats) were recorded. These data can be found in the JMP data file Diamonds.JMP.
- Calculate a 98% confidence interval by hand to estimate the population mean price of diamonds. Show all your work, then you may use JMP to get a 98% interval to verify your hand work.
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Calculus Early Transcendentals
Authors: James Stewart
8th edition
1285741552, 9781305482463 , 978-1285741550
