4. A laptop manufacturing company claims that its top quality laptops are good, on average, for at least 120 months before expiry. A consumer protection agency tested 68 such laptops and found that on average they last 102 months with a standard deviation of 9 months. Construct: (i) 95% confidence interval for the mean. (ii) 99% confidence interval for the mean. (iii) 90% confidence interval for the mean.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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4. A laptop manufacturing company claims that its top quality laptops are good, on average,
for at least 120 months before expiry. A consumer protection agency tested 68 such laptops
and found that on average they last 102 months with a standard deviation of 9 months.
Construct:
(1) 95% confidence interval for the mean.
(ii) 99% confidence interval for the mean.
(iii) 90% confidence interval for the mean.
(iv) Which confidence interval should the agency use for better precision? Why?
Transcribed Image Text:4. A laptop manufacturing company claims that its top quality laptops are good, on average, for at least 120 months before expiry. A consumer protection agency tested 68 such laptops and found that on average they last 102 months with a standard deviation of 9 months. Construct: (1) 95% confidence interval for the mean. (ii) 99% confidence interval for the mean. (iii) 90% confidence interval for the mean. (iv) Which confidence interval should the agency use for better precision? Why?
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