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A consumer affairs investigator records the repair cost for 4 randomly selected TVs. A sample mean of $75.89 and standard deviation of $13.53 are subsequently computed. Determine the 80% confidence interval for the mean repair cost for the TVs. Assume the population is approximately normal.  Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.

A consumer affairs investigator records the repair cost for 4 randomly selected TVs. A sample mean of $75.89 and standard deviation of $13.53 are subsequently computed. Determine the 80% confidence interval for the mean repair cost for the TVs. Assume the population is approximately normal.  Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.

MATLAB: An Introduction with Applications
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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A consumer affairs investigator records the repair cost for 4 randomly selected TVs. A sample mean of $75.89 and standard deviation of $13.53 are subsequently computed. Determine the 80% confidence interval for the mean repair cost for the TVs. Assume the population is approximately normal.  Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.

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