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The tenth position is the one that goes after the decimal point.
To round a number, you have to take into account the following:
1. If the number that goes after the position we are going to round to is greater than 5, we round to the next number in that position.
2. If the number that goes after the position we are going to round to is less than 5, we round to the same number in that position.
In this case, the number that is on the tenth's position is 4. The number that is after this position is 1, which is less than 5, then we round the number in this positon to 4.
The rounded number would be:
Answer:
The 99% confidence interval for the population mean is 22.96 to 26.64
Step-by-step explanation:
Consider the provided information,
A sample of 49 customers. Assume a population standard deviation of $5. If the sample mean is $24.80,
The confidence interval if 99%.
Thus, 1-α=0.99
α=0.01
Now we need to determine
Now by using z score table we find that
The boundaries of the confidence interval are:
Hence, the 99% confidence interval for the population mean is 22.96 to 26.64