According to the Bureau of Labor Statistics, Americans spent on average $2,912 in 2016 on entertainment. Assume the population standard deviation of this spending is $886. A random sample of 31 adults was selected and was found to have an average spending of $2,750 on entertainment. Complete parts a and b. A) Does this sample provide support for the conclusions of the BLS poll? There is a ( ) chance of observing a sample mean as low as $2,750. This probability is (not low/low) enough (0.05) to contradict the findings of the poll. B) Identify the symmetrical interval
According to the Bureau of Labor Statistics, Americans spent on average $2,912 in 2016 on entertainment. Assume the population standard deviation of this spending is $886. A random sample of 31 adults was selected and was found to have an average spending of $2,750 on entertainment. Complete parts a and b. A) Does this sample provide support for the conclusions of the BLS poll? There is a ( ) chance of observing a sample mean as low as $2,750. This probability is (not low/low) enough (0.05) to contradict the findings of the poll. B) Identify the symmetrical interval
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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According to the Bureau of Labor Statistics, Americans spent on average $2,912 in 2016 on entertainment. Assume the population standard deviation of this spending is $886. A random sample of 31 adults was selected and was found to have an average spending of $2,750 on entertainment. Complete parts a and b.
A) Does this sample provide support for the conclusions of the BLS poll?
There is a ( ) chance of observing a sample mean as low as $2,750. This probability is
(not low/low) enough (0.05) to contradict the findings of the poll.
B) Identify the symmetrical interval that includes 95% of the sample means if the true population mean is $2,913 per month.
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