How much does a sleeping bag cost? Let's say you want a sleeping bag that should keep you warm in temperatures from 20°F to 45°F. A random sample of prices ($) for sleeping bags in this temperature range was taken for outdoor magazines. 80 90 100 120 75 37 30 23 100 110 105 95 105 60 110 120 95 90 60 70 a) Use a calculator with mean and sample standard deviation keys to verify that x=$83.75 and s=$28.97 b) Using the given data as representative of the population of prices of all summer sleeping bags, find a 90% confidence interval for the mean price μ of all summer sleeping bags. (c) interpretation what does the confidence interval mean in the context of this problem?
How much does a sleeping bag cost? Let's say you want a sleeping bag that should keep you warm in temperatures from 20°F to 45°F. A random sample of prices ($) for sleeping bags in this temperature
80 90 100 120 75 37 30 23 100 110
105 95 105 60 110 120 95 90 60 70
a) Use a calculator with mean and sample standard deviation keys to verify that x=$83.75 and s=$28.97
b) Using the given data as representative of the population of prices of all summer sleeping bags, find a 90% confidence interval for the mean price μ of all summer sleeping bags.
(c) interpretation what does the confidence interval mean in the context of this problem?
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