Question 3. Suppose you draw random samples of size n=25 from N(µ, o²). Construct a 99% confidence interval estimate for the population average, u, using the following sample information, 25 Xị = 10113.8 i=1 25 x? = 4,232,017 With variance unknown, you should use the t-distribution for the sampling distribution of the sample mean.

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Question 3. Suppose you draw random samples of size n=25 from N(u, o2). Construct a 99%
confidence interval estimate for the population average, u, using the following sample
information,
25
Xị = 10113.8
i=1
25
> x;? = 4,232,017
i=1
With variance unknown, you should use the t-distribution for the sampling distribution of the
sample mean.
Transcribed Image Text:Question 3. Suppose you draw random samples of size n=25 from N(u, o2). Construct a 99% confidence interval estimate for the population average, u, using the following sample information, 25 Xị = 10113.8 i=1 25 > x;? = 4,232,017 i=1 With variance unknown, you should use the t-distribution for the sampling distribution of the sample mean.
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