A survey of 25 randomly selected customers found the ages shown
(in years). The mean is...
50.1K
Verified Solution
Link Copied!
Question
Statistics
A survey of 25 randomly selected customers found the ages shown(in years). The mean is 32.44 years and the standard deviation is10.17 years.
a) Construct a 90% confidence interval for the mean age of allcustomers, assuming that the assumptions and conditions for theconfidence interval have been met.
b) How large is the margin of error?
c) How would the confidence interval change if you had assumed thatthe standard deviation was known to be 11.0 years?
Answer & Explanation
Solved by verified expert
3.7 Ratings (468 Votes)
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!