What's 92010÷7X01910
1 answer:
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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
Answer:
The correct option is;
2.81
Step-by-step explanation:
The critical value , is found from the z score table as follows, where the the confidence level is 99.5
Therefore, we have α = 1 - 99.5/100 = 1 - 0.995 = 0.005
α/2 = 0.0025
The critical value is thus found from the z-score table value of 1 - 0.0025 = 0.9975
From the z-table, we can find the 0.9975 score on the row with z = 2.8 where 0.9975 can be located under the 0.1 column giving the critical value as 2.81