7- Goodycar Tires claims that their new all-season tires are expected, on average, to last at least 50,000 miles. A random sample of 81 Goodyear tires was tested, and the results showed X = 48980 miles and s=5000 miles. (15%) a. Construct and interpret a 98% confidence interval for the true mean life of the new Goodyear tires. What is the margin of error ME (sampling error SE) of your confidence interval? b. Based on the interval, do you believe the average Goodyear tire lasts more than 50,100 miles? с. What is the desired sample size if you want to cut your ME (in part a) in half?

7- Goodycar Tires claims that their new all-season tires are expected, on average, to last at least 50,000 miles. A random sample of 81 Goodyear tires was tested, and the results showed X = 48980 miles and s=5000 miles. (15%) a. Construct and interpret a 98% confidence interval for the true mean life of the new Goodyear tires. What is the margin of error ME (sampling error SE) of your confidence interval? b. Based on the interval, do you believe the average Goodyear tire lasts more than 50,100 miles? с. What is the desired sample size if you want to cut your ME (in part a) in half?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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