The owner of Brittens Egg Farm wants to estimate the mean number of eggs produced per chicken.

Question:

The owner of Britten’s Egg Farm wants to estimate the mean number of eggs produced per chicken. A sample of 20 chickens shows they produced an average of 20 eggs per month with a standard deviation of 2 eggs per month.
a. What is the value of the population mean? What is the best estimate of this value?
b. Explain why we need to use the t distribution. What assumption do you need to make?
c. For a 95% confidence interval, what is the value of t?
d. Develop the 95% confidence interval for the population mean.
e. Would it be reasonable to conclude that the population mean is 21 eggs? What about 25 eggs?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

Question Posted: