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The Automobile Association of America claimed the average number of years car owners keep their car to be 7.25 years. A sample of 100 randomly
The Automobile Association of America claimed the average number of years car owners keep their car to be 7.25 years. A sample of 100 randomly selected car owners are surveyed. The output below shows the analysis based on the sample data. what is the marginof error for a 95% confidence interval?
Sample Data | Hypothesized Mean | |
Mean | 7.120 | 7.25 |
Variance | 0.778 | 0 |
Observations | 100 | 100 |
Hypothesized Mean Difference | 0 | |
df | 99 | |
t Stat | -1.580 | |
P(Tt) one-tail | 0.059 | |
t Critical one-tail | 1.660 | |
P(Tt) two-tail | 0.117 | |
t Critical two-tail | 1.984 |
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