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 - Chapter Quiz - Page 409: 14

Answer

$3954.2\lt\mu\lt4345.8$ pounds

Work Step by Step

Given $n=40, \bar X=4150, \sigma=480$, use normal distribution for $n\gt30$. At a 99% confidence the critical z-value is $z_{\alpha/2}=2.58 $ and the margin of error can be found as $E=2.58\times480/\sqrt {40}=195.8$ Thus, the interval of the true mean is $\bar X-E\lt\mu\lt\bar X+E$ which gives $3954.2\lt\mu\lt4345.8$ pounds
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