Assume that a sample is used to estimate a population mean μ. Find the margin of error M.E. that corresponds to a sample of size 8 with a sample mean of 62.5 and a sample standard deviation of 17.7 at a confidence level of 98%. Express Margin of Error accurate to one decimal place because the sample statistics are presented with this accuracy. M.E.= Answer should be obtained without any preliminary rounding. However, the t-critical value may be rounded to 3 decimal places.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Assume that a sample is used to estimate a population mean μ. Find the margin of error M.E. that
corresponds to a sample of size 8 with a sample mean of 62.5 and a sample standard deviation of 17.7 at a
confidence level of 98%.
Express Margin of Error accurate to one decimal place because the sample statistics are presented with this
accuracy.
M.E. =
Answer should be obtained without any preliminary rounding. However, the t-critical value may be rounded
to 3 decimal places.
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Transcribed Image Text:Assume that a sample is used to estimate a population mean μ. Find the margin of error M.E. that corresponds to a sample of size 8 with a sample mean of 62.5 and a sample standard deviation of 17.7 at a confidence level of 98%. Express Margin of Error accurate to one decimal place because the sample statistics are presented with this accuracy. M.E. = Answer should be obtained without any preliminary rounding. However, the t-critical value may be rounded to 3 decimal places. Question Help: Video Submit Question
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