A simple random sample of 10 UPMin students were taken to estimate the mean (μ) weekly allowance of all UPMin students. The data are: (step by step solution) 500 550 600 1000 675 450 500 650 800 825 1. Find the point estimate for the mean and variance of the weekly food allowance of UPMin students. 2. Construct a 95% C.I. on μ and interpret. 3. Constructa 99% C.I. on μ and interpret. 4. What generalization you can get about the width of the interval?

A simple random sample of 10 UPMin students were taken to estimate the mean (μ) weekly allowance of all UPMin students. The data are: (step by step solution) 500 550 600 1000 675 450 500 650 800 825 1. Find the point estimate for the mean and variance of the weekly food allowance of UPMin students. 2. Construct a 95% C.I. on μ and interpret. 3. Constructa 99% C.I. on μ and interpret. 4. What generalization you can get about the width of the interval?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.5: Comparing Sets Of Data

Problem 14PPS

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Question

A simple random sample of 10 UPMin students were taken to estimate the mean (μ) weekly allowance of all UPMin students. The data are: (step by step solution)

500 550 600 1000 675

450 500 650 800 825

1. Find the point estimate for the mean and variance of the weekly food allowance of UPMin students.

2. Construct a 95% C.I. on μ and interpret. 3. Constructa 99% C.I. on μ and interpret. 4. What generalization you can get about the width of the interval?

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