Find the simple interest earned by each account. $1,200 principal at 5.5% interest for 25 years
2 answers:
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Answer:
The 95% confidence interval estimate for the population mean force is (1691, 1755).
Step-by-step explanation:
According to the Central Limit Theorem if we have an unknown population with mean μ and standard deviation σ and appropriately huge random samples (n > 30) are selected from the population with replacement, then the distribution of the sample mean will be approximately normally.
The sample selected here is <em>n</em> = 30.
Thus, the sampling distribution of the sample mean will be normal.
Compute the sample mean and standard deviation as follows:
Construct a 95% confidence interval estimate for the population mean force as follows:
Thus, the 95% confidence interval estimate for the population mean force is (1691, 1755).