A statistician selected sample of 16 accounts reviewable and determined the mean of the sample to be $5,000 with a standard deviation of $400. She reported that the sample information indicated the mean of the population ranges from $4,739.80 to $5,260.20. She did not report what confidence coefficient she has used. Based on the above information, determine the confidence coefficient that was used.
A statistician selected sample of 16 accounts reviewable and determined the mean of the sample to be $5,000 with a standard deviation of $400. She reported that the sample information indicated the mean of the population ranges from $4,739.80 to $5,260.20. She did not report what confidence coefficient she has used. Based on the above information, determine the confidence coefficient that was used.
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 statistician selected sample of 16 accounts reviewable and determined the mean of the sample to be $5,000 with a standard deviation of $400. She reported that the sample information indicated the mean of the population ranges from $4,739.80 to $5,260.20. She did not report what confidence coefficient she has used. Based on the above information, determine the confidence coefficient that was used.
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