Brent checks the sales records for a random sample of 16 days and finds the mean number of gallons sold is 150 gallons per day;
the sample standard deviation is 12 gallons. With 95% confidence, estimate the what is mean number of gallons that Brent should stock daily.
1 answer:
Answer:
[143.61, 156.39]
Step-by-step explanation:
Because the population standard deviation is not available AND the sample size is less than 31, we can use a t procedure here.
Plug these values into your calculator:
Sample mean = 150
Sample size = 16
Standard deviation = 12
Confidence level = 95% = 0.95
and get [143.61, 156.39] as your confidence interval
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