Answered: A random sample of 40 college students…

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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Question

A random sample of 40 college students has a mean earnings of $3120 with a standard deviation of $677 over the summer months. Determine whether a normal distribution or a t-distribution should be used or whether neither of these can be used to construct a confidence interval.

Question 2 options:

	Cannot use normal distribution or t-distribution.
	Use normal distribution.
	Use the t-distribution.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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