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?
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?
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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