A random sample of hotels in New York City yielded the following nightly rates с d 220 315 430 450 440 355 16 280 265 480 410 395 255 270 250 330 340 490 280 335 240 290 435 355 480 315 310 360 280 355 240 440 280 420 260 The 95% interval estimate of the average nightly hotel rate is, 490 375 410 460 440 355 465 275 15 The margin of error for a 95% interval estimate of the mean nightly rate of all hotels in New York city is, a $22.62 $20.57 $18.70 $17.00 395 220 410 225 480 400 365 415 265 325 415 330 440 480 330 345 355 390
A random sample of hotels in New York City yielded the following nightly rates с d 220 315 430 450 440 355 16 280 265 480 410 395 255 270 250 330 340 490 280 335 240 290 435 355 480 315 310 360 280 355 240 440 280 420 260 The 95% interval estimate of the average nightly hotel rate is, 490 375 410 460 440 355 465 275 15 The margin of error for a 95% interval estimate of the mean nightly rate of all hotels in New York city is, a $22.62 $20.57 $18.70 $17.00 395 220 410 225 480 400 365 415 265 325 415 330 440 480 330 345 355 390
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Expert Solution
Step 1
Here, there are 60 observations. Thus, n = 60.
The sample mean is calculated as follows:
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