Question
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
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,
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