The sample mean and standard deviation are x 175 and s30


Part a) The mean of the sample was calculated as 500. The sample of 25 observations was randomly drawn from a population whose standard deviation is 15. Estimate the population means with 99% confidence.

Part b) A random sample of 5 observations was drawn from a normal population. The sample mean and standard deviation are X =175 and s=30. Estimate the population mean with 90% confidence.

Solution Preview :

Prepared by a verified Expert
Business Economics: The sample mean and standard deviation are x 175 and s30
Reference No:- TGS02922960

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)