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The company you work for, Capital Capacitors, makes a specialized capacitor. Data from six different production months...

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Statistics

The company you workfor, Capital Capacitors, makes a specialized capacitor. Data fromsix different production months has been collected:

January: 58,000produced February: 71,000 produced March: 72,000 produced

April: 50,000 producedMay: 54,000 produced June: 63,000 produced

The cost to produceone of these capacitors has been estimated to be $1.20.

1. What are the upperand lower bounds of a 95% confidence interval on the mean number ofcapacitors produced per month?

2. At an interest rateof 1% per month, what is the projected yearly cost, low and highestimates? Use your lower and upper bounds from 1. in yourcomputations.

Answer & Explanation Solved by verified expert
3.7 Ratings (332 Votes)
1 Level of Significance 001 degree of freedom DFn1 5 t value t2 40321    See Answer
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