The researchers want an estimate (or inferred value) for the mean spending and its likely range for the entire population. a) (5
points) Estimate the range in which we expect to find the population mean for spending by constructing a confidence interval. This must be done BY HAND. Round to 4 decimal places and show all your work. Assume the population standard deviation is 16. Use a 95% confidence level. Provide the appropriate values on the lines below.
1 answer:
Answer:
Answer for the question :
The researchers want an estimate (or inferred value) for the mean spending and its likely range for the entire population. a) (5 points) Estimate the range in which we expect to find the population mean for spending by constructing a confidence interval. This must be done BY HAND. Round to 4 decimal places and show all your work. Assume the population standard deviation is 16. Use a 95% confidence level. Provide the appropriate values on the lines below."
Is explained in the attachment.
Step-by-step explanation:
You might be interested in
Hey there!
Anything to the power of 0 is 1. So that means x can be equal to any number. Let's say 1^0, it will still equal 1. 2^0 is also equal to 1. X is therefore not a number since it can be anything.
Hope this helps!