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3 years ago

13

A set of sweater prices are normally distributed with a mean of 58 dollars and a standard deviation of 5 dollars. What proportio

n of sweater prices are between 48.50 dollars and 60 dollars?

1 answer:

Airida [17]3 years ago

6 0

Answer: 0.6267

Step-by-step explanation:

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Answer:

$0.45 - 1.96\sqrt{\frac{0.45(1-0.45)}{36}}=0.2870.45 + 1.96\sqrt{\frac{0.45(1-0.45)}{36}}=0.613$

we can conclude at 95% of confidence that the true proportion of interest for this case is between 0.287 and 0.613

Step-by-step explanation:

The estimated proportion of interest is $\hat p=0.45$

We need to find a critical value for the confidence interval using the normla standard distributon. For this case we have 95% of confidence, then the significance level would be given by $\alpha=1-0.95=0.05$ and $\alpha/2 =0.025$ .

And the critical value is: $z_{\alpha/2}=-1.96, z_{1-\alpha/2}=1.96$

The confidence interval for the true population proportion is interest is given by this formula:

$\hat p \pm z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}$

Replacing the values provided we got:

$0.45 - 1.96\sqrt{\frac{0.45(1-0.45)}{36}}=0.287\\\\0.45 + 1.96\sqrt{\frac{0.45(1-0.45)}{36}}=0.613$

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