A researcher wishes to estimate the average amount of money a person spends on lottery tickets each month. The lottery administration found the mean spent to be $19 per month and a standard deviation to be $6.8. A sample of 50 people who play lottery is used. 1. Obtain a 95% confidence interval for the mean lottery winnings. CI = x+z*
A researcher wishes to estimate the average amount of money a person spends on lottery tickets each month. The lottery administration found the mean spent to be $19 per month and a standard deviation to be $6.8. A sample of 50 people who play lottery is used. 1. Obtain a 95% confidence interval for the mean lottery winnings. CI = x+z*
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 researcher wishes to estimate the average amount of money a person spends on lottery tickets
each month. The lottery administration found the mean spent to be $19 per month and a standard
deviation to be $6.8. A sample of 50 people who play lottery is used.
1. Obtain a 95% confidence interval for the mean lottery winnings.
CI = x+z*
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