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2 answers:
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Answer:
Step-by-step explanation:
Given : A new catalyst is being investigated for use in the production of a plastic chemical. Ten batches of the chemical are produced. The mean yield of the 10 batches is 72.5% and the standard deviation is 5.8%. Assume the yields are independent and approximately normally distributed.
To find : A 99% confidence interval for the mean yield when the new catalyst is used ?
Solution :
Let X be the yield of the batches.
We have given, n=10 , , s=5.8%
Since the size of the sample is small.
We will use the student's t statistic to construct a 995 confidence interval.
From the t-table with 9 degree of freedom for
The 99% confidence interval is given by,
Answer:
$29765.50
Step-by-step explanation:
Median is the middlemost value (or the average of the 2 middlemost value if there are even number of values) in an ascending order.
First, arrange the salary list in an ascending order.
$21,971 , $25,997 , $27,512 , $32,019 , $38,860 , $43,702
As we can see here, there are even number of values (6), so the median will be the average of the 2 middlemost value, which will be:
Median =
=
= $29765.50