Find the 98% confidence interval for the variance of annual earnings of coconut water vendors. A sample of 9 vendors has a standard deviation of $800.P – PARAMETERDescribe the parameter in context. This should be a complete sentenceA – ASSUMPTIONSAre we allowed to construct an interval and why?N – NAME THE INTERVALState what command you will be using the compute the interval along with the values you need.I – INTERVAL CALCULATIONFind the intervalC – CONCLUSIONWrite a sentence summarizing what you have found.

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Description: Find the 98% confidence interval for the variance of annual earnings of coconut water vendors. A sample of 9 vendors has a standard deviation of $800.P – PARAMETERDescribe the parameter in context. This should be a complete sentenceA – ASSUMPTIONSAre

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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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Find the 98% confidence interval for the variance of annual earnings of coconut water vendors. A sample of 9 vendors has a standard deviation of $800.

P – PARAMETER
- Describe the parameter in context. This should be a complete sentence

A – ASSUMPTIONS
- Are we allowed to construct an interval and why?

N – NAME THE INTERVAL
- State what command you will be using the compute the interval along with the values you need.

I – INTERVAL CALCULATION
- Find the interval

C – CONCLUSION
- Write a sentence summarizing what you have found.

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