Elementary Statistics: A Step-by-Step Approach with Formula Card 9th Edition

Published by McGraw-Hill Education
ISBN 10: 0078136334
ISBN 13: 978-0-07813-633-7

Chapter 7 - Confidence Intervals and Sample - 7-2 Confidence Intervals for the Mean When σ Is Unknown - Exercises 7-2 - Page 387: 8

Answer

$38.7\lt\mu\lt48.3$ The interval contains the national average of 44.7 cents.

Work Step by Step

1. Based on the data set we can find $\bar X=43.5, s=9.24 , n=12 $ 2. At the 90% confidence and $df=11$, the critical t-value is $t_{\alpha/2}=1.8$ (use table F) 3. The margin of error can be found as $E=1.8\times\frac{9.24}{\sqrt {12}}=4.8$ 4. Thus, the interval of the true mean can be estimated as $\bar X-E\lt\mu\lt\bar X+E$ which gives $38.7\lt\mu\lt48.3$ 5. The interval contains the national average of 44.7 cents.
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