A random sample of the amount paid (in dollars) for taxi fare from downtown to the airport was obtained. (Give your answers correct to two decimal places.) 16 18 18 18 15 18 22 22 20 23 13 20 19 20 22 (a) Use the data to find a point estimate for the mean. $19.60 ✓ (b) Use the data to find a point estimate for the variance. $ x (c) Use the data to find a point estimate for the standard deviation. $ X

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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A random sample of the amount paid (in dollars) for taxi fare from downtown to the airport was obtained. (Give your answers correct to two decimal places.)
16 18 18 18 15 18 22 22 20 23 13 20 19 20 22
(a) Use the data to find a point estimate for the mean.
$ 19.60
(b) Use the data to find a point estimate for the variance.
$
x
(c) Use the data to find a point estimate for the standard deviation.
$
X
Transcribed Image Text:A random sample of the amount paid (in dollars) for taxi fare from downtown to the airport was obtained. (Give your answers correct to two decimal places.) 16 18 18 18 15 18 22 22 20 23 13 20 19 20 22 (a) Use the data to find a point estimate for the mean. $ 19.60 (b) Use the data to find a point estimate for the variance. $ x (c) Use the data to find a point estimate for the standard deviation. $ X
Consider the following. (Enter your answers to four decimal places.)
(a) Find the level of confidence assigned to an interval estimate of the mean formed using the interval x - 1.11. ox
(b) Find the level of confidence assigned to an interval estimate of the mean formed using the interval x - 1.51. x
(c) Find the level of confidence assigned to an interval estimate of the mean formed using the interval x - 1.87 x
to
to
to
to
(d) Find the level of confidence assigned to an interval estimate of the mean formed using the interval x -2.06. x
X
X+ 1.11.0x
X+ 1.51 x
X+ 1.87 x
.
x + 2.06.x
Transcribed Image Text:Consider the following. (Enter your answers to four decimal places.) (a) Find the level of confidence assigned to an interval estimate of the mean formed using the interval x - 1.11. ox (b) Find the level of confidence assigned to an interval estimate of the mean formed using the interval x - 1.51. x (c) Find the level of confidence assigned to an interval estimate of the mean formed using the interval x - 1.87 x to to to to (d) Find the level of confidence assigned to an interval estimate of the mean formed using the interval x -2.06. x X X+ 1.11.0x X+ 1.51 x X+ 1.87 x . x + 2.06.x
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