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I need help with the questions 2,3,4 List the summary statistics (i.e. sample average, sample standard deviation, sample size, and anything else you would like
I need help with the questions 2,3,4
- List the summary statistics (i.e. sample average, sample standard deviation, sample size, and anything else you would like to include) for the PRICE variable.
Summary statistics:
| Column | Mode | n | Mean | Std. dev. | Median | Range | Min | Max | Q1 | Q3 | Sum |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price | 41000 | 30 | 35386.7 | 10269.742 | 33737 | 44999 | 19500 | 64499 | 28500 | 41000 | 1061601 |
- Create a 95% CI for the true mean of your PRICE variable. (Note: you do not need to show your work).
- Practically interpret this confidence interval.
- Theoretically interpret the phrase "95% confident."
List of car prices
| 28900 |
| 41000 |
| 41499 |
| 38999 |
| 25383 |
| 43499 |
| 34980 |
| 61829 |
| 39499 |
| 28691 |
| 39502 |
| 28998 |
| 42094 |
| 30749 |
| 41000 |
| 24795 |
| 26500 |
| 45590 |
| 43343 |
| 30975 |
| 19500 |
| 25995 |
| 28500 |
| 35999 |
| 22997 |
| 33499 |
| 27499 |
| 33975 |
| 31313 |
| 64499 |
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Essentials Of College Algebra
Authors: Margaret L Lial, John E Hornsby, David I Schneider, Callie Daniels
11th Edition
0321912241, 9780321912244
