.  In a random sample of eight cell​ phones, the mean full retail price was ​$564.50 and the standard deviation was ​$163.00. Assume the population is normally distributed and use the​ t-distribution to find the margin of error and construct a 90​% confidence interval for the population mean μ. Interpret the results. Identify the margin of error.  Cell phones dollars square dollars

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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5.  In a random sample of
eight
cell​ phones, the mean full retail price was
​$564.50
and the standard deviation was
​$163.00.
Assume the population is normally distributed and use the​ t-distribution to find the margin of error and construct a
90​%
confidence interval for the population mean
μ.
Interpret the results.
Identify the margin of error.
 Cell phones
dollars
square dollars
 
6. 
The monthly incomes for
12
randomly selected​ people, each with a​ bachelor's degree in​ economics, are shown on the right. Complete parts​ (a) through​ (c) below.
 
Assume the population is normally distributed.
4450.14
4596.62
4366.84
 
4455.36
4151.16
3727.41
 
4283.93
4527.14
4407.35
 
3946.01
4023.61
4221.66
 
​(a) Find the sample mean.
 
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