victor has a life insurance policy that will pay his family $42,000 per year if he dies. if interest rates are up 1.5% when the
2 answers:
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Answer: a) (176.76,172.24), b) 0.976.
Step-by-step explanation:
Since we have given that
Mean height = 174.5 cm
Standard deviation = 6.9 cm
n = 50
we need to find the 98% confidence interval.
So, z = 2.326
(a) Construct a 98% confidence interval for the mean height of all college students.
(b) What can we assert with 98% confidence about the possible size of our error if we estimate the mean height of all college students to be 174.5 centime- ters?
Error would be
Hence, a) (176.76,172.24), b) 0.976.