During the 2009 holiday season, 436 randomly sampled American adults were surveyed regarding their average spending on Black Friday. A 95% confidence interval based on this sample is ($80.31,$89.11). (c) Determine the sample mean x and the sample standard deviation s of the sample. (d) Which would be the confidence level corresponding to an interval ($81.27,$88.15) for the data found in (c)? (e) If the values of the sample mean and sample standard deviation found in (c) do not change, find the sample size N for which a 99% confidence interval would have a margin of error smaller than 5.
During the 2009 holiday season, 436 randomly sampled American adults were surveyed regarding their average spending on Black Friday. A 95% confidence interval based on this sample is ($80.31,$89.11). (c) Determine the sample mean x and the sample standard deviation s of the sample. (d) Which would be the confidence level corresponding to an interval ($81.27,$88.15) for the data found in (c)? (e) If the values of the sample mean and sample standard deviation found in (c) do not change, find the sample size N for which a 99% confidence interval would have a margin of error smaller than 5.
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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During the 2009 holiday season, 436 randomly sampled American adults were surveyed regarding their average spending on Black Friday. A 95% confidence interval based on this sample is ($80.31,$89.11).
(c) Determine the sample mean x and the sample standard deviation s of the sample.
(d) Which would be the confidence level corresponding to an interval ($81.27,$88.15) for the data found in (c)?
(e) If the values of the sample mean and sample standard deviation found in (c) do not change, find the
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