at the university spend on groceries each month. From a sample of 29 random students, you find that the spend an average of $871.35 on groceries, with a standard deviation of $235.06. You decide to make an inference on the population mean using a confidence interval with a 90% confidence level. Wha is the lower bound (lower end) of your confidence interval in your analysis?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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As part of a university club, you decide to investigate how much other students
at the university spend on groceries each month. From a sample of 29 random
students, you find that the spend an average of $871.35 on groceries, with a
standard deviation of $235.06. You decide to make an inference on the
population mean using a confidence interval with a 90% confidence level. What
is the lower bound (lower end) of your confidence interval in your analysis?
Transcribed Image Text:As part of a university club, you decide to investigate how much other students at the university spend on groceries each month. From a sample of 29 random students, you find that the spend an average of $871.35 on groceries, with a standard deviation of $235.06. You decide to make an inference on the population mean using a confidence interval with a 90% confidence level. What is the lower bound (lower end) of your confidence interval in your analysis?
As part of a university club, you decide to investigate how much other students
at the university spend on groceries each month. From a sample of 23 random
students, you find that the spend an average of $870.94 on groceries, with a
standard deviation of $257.04. You decide to make an inference on the
population mean using a confidence interval with a 99% confidence level. What
is the margin of error in your analysis?
Transcribed Image Text:As part of a university club, you decide to investigate how much other students at the university spend on groceries each month. From a sample of 23 random students, you find that the spend an average of $870.94 on groceries, with a standard deviation of $257.04. You decide to make an inference on the population mean using a confidence interval with a 99% confidence level. What is the margin of error in your analysis?
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