Number of Tickets, X 2 5 10 13 Cost, y $8.50 $21.25 $42.50 $55.25
1 answer:
You might be interested in
The standard deviation is a measure of a collection of values' variance or dispersion. The true mean bill for a customer at Burger Palace with 95% confidence is $13.38.
<h3>What is a standard deviation?</h3>The standard deviation is a measure of a collection of values' variance or dispersion. A low standard deviation implies that the values are close to the set's mean, whereas a high standard deviation shows that the values are spread out over a larger range.
Given that the Sample mean () is $14.30, the Sample size(n) is 24 customers, the Standard deviation(σ) is 2.30, while for a 95% confidence interval the Z-score is 1.960. Therefore, the true mean can be written as,
μ = 13.3788 ≈ 13.38
Hence, the true mean bill for a customer at Burger Palace with 95% confidence is $13.38.
Learn more about Standard Deviation:
#SPJ1
Answer:
The value of the sample mean is 78.
Step-by-step explanation:
We are given that a sample of n = 4 scores is obtained from a population with a mean of 70 and a standard deviation of 8.
Also, the sample mean corresponds to a z score of 2.00.
<em>Let </em><em> = sample mean</em>
The z-score probability distribution for a sample mean is given by;
Z = ~ N(0,1)
where, = population mean = 70
= standard deviation = 8
n = sample size = 4
The Z-score measures how many standard deviations the measure is away from the mean. After finding the Z-score, we look at the z-score table and find the p-value (area) associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X.
<u>Now, we are given that the sample mean corresponds to a z score of 2.00 for which we have to find the value of sample mean;</u>
So, <em><u>z-score</u></em> formula is given by ;
z-score = =
2.00 =
2.00 =
= 70 + 8 = 78
<em>Therefore, the value of the sample mean is 78.</em>