Question
Suppose a random sample of 18 uber drivers was taken, and the average age Xof these drivers was found to be 27.5 years. Construct a
Suppose a random sample of 18 uber drivers was taken, and the average age Xof these drivers was found to be 27.5 years. Construct a 99% confidence interval for the mean age () of all drivers.
Assume that the age of drivers is normally distributed with a population standard deviation () of 2.3 years.
1)The standard error (SE) ofX is
2)The critical value (CV) used for a 99% interval estimate is
3)The 99% confidence interval estimate of is
4)The company claims that average age of drivers is 26.9 years.In light of the sample evidence and at the 1% level of significance, is it justified ?
5)If we decrease the confidence level (1-) from 0.99 to 0.95, the margin of error (ME) of the confidence interval estimate will
please show step by step, equations . dumbproof it to the best of your ability
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