(a) Point Estimate for mean = Xbar = 52986/ 42 = 1261.57
(b) I had asked you for the data to answer this question, but haven't heard from you yet, so can not draw graphs.
(c) Since we do not know population standard deviation we have to use t-score, and since the sample is large ( n>30), we can assume the sampling distribution to be approximately normal, and hence can use one-sample-t-interval.
(d) Here Xbar = 1261.57 and s = 117.6,
Margin of Error E = t*s/sqrt(n) = 2.020 *117.6/sqrt(42) = 36.65
So using TI-84 calculator, I have calculated 95% CI as follows:
( 1224.9 , 1298.2)
B)
E)
One-Sample T: No.of Chips
Variable N Mean StDev SE Mean 95% CI
No.of Chips 42 1261.6 117.6 18.1 (1224.9, 1298.2)
There is 95% probability that TRUE Mean Number of chips are between 1224.9 and 1298.2.
Hope this helps.
Please rate this highly and award full points.
Thanks.
Hope this helps.
Please rate this highly and award full points.
Thanks.
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