A sample of 10 tourist spending in Macau in February 2017. (in MOP) 2,698 2,028 2,474 2,395 2,372 2,475 1,927 3,006 2,334 2,379 d) For a 95% confidence of interval, what is the value of t? e) Develop a 95% confidence interval for the population mean. f) Would it be reasonable to conclude that the population mean is 3,000?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A sample of 10 tourist spending in Macau in February 2017. (in MOP)
2,698 2,028 2,474 2,395 2,372 2,475 1,927 3,006
2,334
d) For a 95% confidence of interval, what is the value of t?
e) Develop a 95% confidence interval for the population mean.
f) Would it be reasonable to conclude that the population mean is 3,000?
2,379
Transcribed Image Text:A sample of 10 tourist spending in Macau in February 2017. (in MOP) 2,698 2,028 2,474 2,395 2,372 2,475 1,927 3,006 2,334 d) For a 95% confidence of interval, what is the value of t? e) Develop a 95% confidence interval for the population mean. f) Would it be reasonable to conclude that the population mean is 3,000? 2,379
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