Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that th
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Answer:
b) 95 percent confidence interval for this single-sample t test
[11.64, 16.36]
Step-by-step explanation:
Explanation:-
Given data a study of 62 college students finds that their average interest rate is 14 percent with a standard deviation of 9.3 percent.
Sample size 'n' =62
sample mean x⁻ = 14
sample standard deviation 'S' = 9.3
<u>95 percent confidence interval for this single-sample t test</u>
The values are the <u>95 percent confidence interval for the population mean 'μ'</u>
Degrees of freedom γ=n-1=62-1=61
t₀.₀₅ = 1.9996 at 61 degrees of freedom
(14-2.361 , 14 + 2.361)
[(11.64 , 16.36]
<u>Conclusion:-</u>
95 percent confidence interval for this single-sample t test
[11.64, 16.36]
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