Bill's Roast Beef sells 5 times as many sandwiches as Pete's Deli. The difference between their sales is 360 sandwiches. How Man
1 answer:
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Answer:
So on this case the 95% confidence interval would be given by (315839.52;324416.48)
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
represent the sample mean
population mean (variable of interest)
represent the population standard deviation
n=529 represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
(1)
Since the Confidence is 0.95 or 95%, the value of and
, and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.025,0,1)".And we see that
Now we have everything in order to replace into formula (1):
So on this case the 95% confidence interval would be given by (315839.52;324416.48)
Answer:
The solution can be defined as follows:
Step-by-step explanation:
Wetland Percentage:
- These details are very symmetrical, perhaps pretty biased.
- There might be a gap whereby shows that none of the 48 lowest states have lost 10 to 19% of all its wetlands.
- These statistics were distributed between 20% and 60%.