FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Construct a 95% confidence interval for the population mean mu. Assume the population has a normal distribution. A sample of 20 college students had mean annual earnings of $3120 with a standard deviation of $677.
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($2803, $3437)
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($2135, $2567)
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($2657, $2891)
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($1324, $1567)
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Explanation:
Detailed explanation-1: -Thus, we can obtain a 95% confidence interval for 2 as [(n−1)S222, n−1, (n−1)S221−2, n−1]=[9×3.9619.02, 9×3.962.70]=[1.87, 13.20].
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