Suppose a random sample of 14 people 30–39 years of age produced the household incomes shown here. Use these data to determine a point estimate for the population variance of household incomes for people 30–39 years of age and construct a 95% confidence interval. Assume household income is normally distributed. $36,900 44,800 33,500 36,100 42,300 32,400 27,200 41,200 46,600 38,500 40,200 31,500 35,500 36,800 Appendix A Statistical Tables The point estimate is enter the point estimate . enter the lower value of the interval ≤ σ2 ≤ enter the upper value of the interval
Suppose a random sample of 14 people 30–39 years of age produced the household incomes shown here. Use these data to determine a point estimate for the population variance of household incomes for people 30–39 years of age and construct a 95% confidence interval. Assume household income is normally distributed. $36,900 44,800 33,500 36,100 42,300 32,400 27,200 41,200 46,600 38,500 40,200 31,500 35,500 36,800 Appendix A Statistical Tables The point estimate is enter the point estimate . enter the lower value of the interval ≤ σ2 ≤ enter the upper value of the interval
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
Related questions
Question
Suppose a random sample of 14 people 30–39 years of age produced the household incomes shown here. Use these data to determine a point estimate for the population variance of household incomes for people 30–39 years of age and construct a 95% confidence interval. Assume household income is normally distributed .
The point estimate is enter the point estimate .
enter the lower value of the interval ≤ σ2 ≤ enter the upper value of the interval
|
$36,900
|
44,800
|
| 33,500 | 36,100 |
| 42,300 | 32,400 |
| 27,200 | 41,200 |
| 46,600 | 38,500 |
| 40,200 | 31,500 |
| 35,500 | 36,800 |
Appendix A Statistical Tables
The point estimate is enter the point estimate .
enter the lower value of the interval ≤ σ2 ≤ enter the upper value of the interval
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill