You are given the sample mean and the population standard deviation. Use this information to construct the​ 90% and​ 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals.   From a random sample of 48 business​ days, the mean closing price of a certain stock was ​$114.60. Assume the population standard deviation is ​$11.01.

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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You are given the sample mean and the population standard deviation. Use this information to construct the​ 90% and​ 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals.
 
From a random sample of
48
business​ days, the mean closing price of a certain stock was
​$114.60.
Assume the population standard deviation is
​$11.01.
 
 
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