Question
I am very confused on this, can you help. Using the data set you collected in Week 1, excluding the super car outlier, you should
I am very confused on this, can you help.
Using the data set you collected in Week 1, excluding the super car outlier, you should have calculated the mean and standard deviation during Week 2 forpricedata.Along with finding apandqfrom Week 3.Using this information, calculate two 95% confidence intervals.For the first interval you need to calculate a T-confidence interval for the sample population.You have the mean, standard deviation and the sample size, all you have left to find is the T-critical value and you can calculate the interval.For the second interval calculate a proportion confidence interval using the proportion of the number of cars that fall below the average.You have thep,q, andn, all that is left is calculating a Z-critical value,
Mean 29349.7778
Standard Error 1341.86034
Median28745
Mode#N/A
Standard Deviation 4025.58101
Sample Variance 16205302.4
Kurtosis-0.739963
Skewness0.45309973
Range-12079
Minimum-24111
Maximum-36190
Sum-264148
Count-9
Confidence Level(95.0%)3094.33548
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