24. Diamond Pricing. In a Singapore edition of Business Times, diamond pricing was explored. The price of a diamond is based on the diamond's weight, color, and clarity. A simple random sample of 18 one-half-carat diamonds had the following prices, in dollars. 1676 1442 1995 1718 1826 2071 1947 1983 2146 1995 1876 2032 1988 2071 2234 2108 1941 2316 a. Apply the t-interval procedure to these data to find a 90% confi- dence interval for the mean price of all one-half-carat diamonds. Interpret your result. (Note: i = $1964.7 and s = $206.5.) %3D
24. Diamond Pricing. In a Singapore edition of Business Times, diamond pricing was explored. The price of a diamond is based on the diamond's weight, color, and clarity. A simple random sample of 18 one-half-carat diamonds had the following prices, in dollars. 1676 1442 1995 1718 1826 2071 1947 1983 2146 1995 1876 2032 1988 2071 2234 2108 1941 2316 a. Apply the t-interval procedure to these data to find a 90% confi- dence interval for the mean price of all one-half-carat diamonds. Interpret your result. (Note: i = $1964.7 and s = $206.5.) %3D
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 7PPS
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Could you please help answer letter a?
![diamond pricing was explored. The price of a diamond is based on
24. Diamond Pricing. In a Singapore edition of Business Times,
a
the diamond's weight, color, and clarity. A simple random sample of
18 one-half-carat diamonds had the following prices, in dollars.
1676 1442 1995 1718 1826 2071 1947 1983 2146
1995 1876 2032 1988 2071 2234 2108 1941
2316
a. Apply the t-interval procedure to these data to find a 90% confi-
dence interval for the mean price of all one-half-carat diamonds.
Interpret your result. (Note: = $1964.7 and s = $206.5.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ae56ce8-7e1a-4e56-b186-16e591f604aa%2F92484626-99cd-48fb-a926-3d1fcde2c815%2Fzljat2e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:diamond pricing was explored. The price of a diamond is based on
24. Diamond Pricing. In a Singapore edition of Business Times,
a
the diamond's weight, color, and clarity. A simple random sample of
18 one-half-carat diamonds had the following prices, in dollars.
1676 1442 1995 1718 1826 2071 1947 1983 2146
1995 1876 2032 1988 2071 2234 2108 1941
2316
a. Apply the t-interval procedure to these data to find a 90% confi-
dence interval for the mean price of all one-half-carat diamonds.
Interpret your result. (Note: = $1964.7 and s = $206.5.)
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