14 Camping: Cost of a Sleeping Bag How much does a sleeping rant a sleeping bag that should keep you warm in temperatures from ample of prices ($) for sleeping bags in this temperature range was 80 90 100 120 75 37 30 105 95 105 60 110 120 95

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#14 Camping: Cost of a Sleeping Bag How much does a sleeping bag cost? Let's say you
want a sleeping bag that should keep you warm in temperatures from 20°F to 45°F. A random
sample of prices ($) for sleeping bags in this temperature range was taken and given below.
80
105
90
95
23
90
100
70
100
120
75
110
37
30
100
105
60
120
95
60
(a) Use a calculator with mean and sample standard deviation keys to verify that
= $83.75 and s = $28.97.
(b) Using the given data as representative of the population of prices of all summer sleeping
bags, find a 90% confidence interval for the mean price u of all summer sleeping bags.
(c) What does the confidence interval mean in the context of this problem?
Transcribed Image Text:#14 Camping: Cost of a Sleeping Bag How much does a sleeping bag cost? Let's say you want a sleeping bag that should keep you warm in temperatures from 20°F to 45°F. A random sample of prices ($) for sleeping bags in this temperature range was taken and given below. 80 105 90 95 23 90 100 70 100 120 75 110 37 30 100 105 60 120 95 60 (a) Use a calculator with mean and sample standard deviation keys to verify that = $83.75 and s = $28.97. (b) Using the given data as representative of the population of prices of all summer sleeping bags, find a 90% confidence interval for the mean price u of all summer sleeping bags. (c) What does the confidence interval mean in the context of this problem?
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