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Name: An automobile rental agency has the following mileages (in thousands)
Uploaded: 2024-03-20T07:07:12.000Z
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Description: An automobile rental agency has the following mileages (in thousands) for a simple random sample of 20 cars rented last year. Given this information, and assuming the data are from a population that is approximately normally distributed, construct an

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

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An automobile rental agency has the following mileages (in thousands) for a simple random sample of 20 cars rented last year. Given this information, and assuming the data are from a population that is approximately normally distributed, construct and interpret the 90% confidence interval for the population mean

55 35 65 64 69 37 88 80 39 61
54 50 74 92 59 50 38 59 29 60 miles

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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