The prices of used books at a large college bookstore are normally distributed. If a sample of 23 used books from this store has a mean price of $27.50 with a standard deviation of $6.75, use Table 10.1 to calculate the following for a 95% confidence level about the population mean. a. Degrees of freedom b. The critical value of t c. The margin of error d. The confidence interval for a 95% confidence level

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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The prices of used books at a large college bookstore are normally distributed. If a sample of 23 used books from this store has a mean price of $27.50 with a standard deviation of $6.75, use Table 10.1 to calculate the following for a 95% confidence level about the population mean.

a. Degrees of freedom

b. The critical value of t

c. The margin of error

d. The confidence interval for a 95% confidence level

 

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