If X overbar=65, S=14, and n=49, and assuming that the population is normally distributed, construct a 99% confidence interval estimate of the population mean, μ.
Ans.
The formula to calculate the 99% confidence interval for population mean is
Lower limit:
Upper limit:
So the 99% confidence interval for the population mean is (59.6356,70.3644).
If X overbar=65, S=14, and n=49, and assuming that the population is normally distributed, construct a...
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