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Finite populations allow you to use the confidence interval for a population mean to produce a confidence interval of the population total. To estimate the population total, multiply the lower and upper confidence limits of the estimate of by the population size N. So the confidence interval estimator of the total is (N= (x - Ca/2_), N²(x + [a/27³ Pepsi wants to use this technique to determine if they should bid for an exclusivity agreement with NCSU. Such an agreement would bind NCSU to sell Pepsi soft drink products exclusively on campus. To determine if an exclusivity agreement would be profitable, Pepsi must estimate the total number of 12 ounce cans (or their equivalent) that NCSU students would buy per week. NCSU's Office of Registration and Records informs Pepsi that M 28,000 different students are on campus at least once during a typical week. Pepsi randomly samples 500 NCSU students and asks them to record the number of 12 ounce cans of soda (or their equivalent) that they purchase on campus over th next 7 days. The results are in this Excel file cans of soda per week. Question. Use the data in the file to calculate a 90% confidence interval for the total number of 12 ounce cans of soda that NCSU students will purchase on campus in a week.

Finite populations allow you to use the confidence interval for a population mean to produce a confidence interval of the population total. To estimate the population total, multiply the lower and upper confidence limits of the estimate of by the population size N. So the confidence interval estimator of the total is (N= (x - Ca/2_), N²(x + [a/27³ Pepsi wants to use this technique to determine if they should bid for an exclusivity agreement with NCSU. Such an agreement would bind NCSU to sell Pepsi soft drink products exclusively on campus. To determine if an exclusivity agreement would be profitable, Pepsi must estimate the total number of 12 ounce cans (or their equivalent) that NCSU students would buy per week. NCSU's Office of Registration and Records informs Pepsi that M 28,000 different students are on campus at least once during a typical week. Pepsi randomly samples 500 NCSU students and asks them to record the number of 12 ounce cans of soda (or their equivalent) that they purchase on campus over th next 7 days. The results are in this Excel file cans of soda per week. Question. Use the data in the file to calculate a 90% confidence interval for the total number of 12 ounce cans of soda that NCSU students will purchase on campus in a week.

MATLAB: An Introduction with Applications
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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Finite populations allow you to use the confidence interval for a population mean to produce a confidence interval of the population total. To estimate the population total, multiply the lower and upper confidence limits of the estimate of by the population size N. So the confidence interval estimator of the total is (N= (x - Ca/2_), N²(x + [a/27³ Pepsi wants to use this technique to determine if they should bid for an exclusivity agreement with NCSU. Such an agreement would bind NCSU to sell Pepsi soft drink products exclusively on campus. To determine if an exclusivity agreement would be profitable, Pepsi must estimate the total number of 12 ounce cans (or their equivalent) that NCSU students would buy per week. NCSU's Office of Registration and Records informs Pepsi that M 28,000 different students are on campus at least once during a typical week. Pepsi randomly samples 500 NCSU students and asks them to record the number of 12 ounce cans of soda (or their equivalent) that they purchase on campus over th next 7 days. The results are in this Excel file cans of soda per week. Question. Use the data in the file to calculate a 90% confidence interval for the total number of 12 ounce cans of soda that NCSU students will purchase on campus in a week.
Transcribed Image Text:Finite populations allow you to use the confidence interval for a population mean to produce a confidence interval of the population total. To estimate the population total, multiply the lower and upper confidence limits of the estimate of by the population size N. So the confidence interval estimator of the total is (N= (x - Ca/2_), N²(x + [a/27³ Pepsi wants to use this technique to determine if they should bid for an exclusivity agreement with NCSU. Such an agreement would bind NCSU to sell Pepsi soft drink products exclusively on campus. To determine if an exclusivity agreement would be profitable, Pepsi must estimate the total number of 12 ounce cans (or their equivalent) that NCSU students would buy per week. NCSU's Office of Registration and Records informs Pepsi that M 28,000 different students are on campus at least once during a typical week. Pepsi randomly samples 500 NCSU students and asks them to record the number of 12 ounce cans of soda (or their equivalent) that they purchase on campus over th next 7 days. The results are in this Excel file cans of soda per week. Question. Use the data in the file to calculate a 90% confidence interval for the total number of 12 ounce cans of soda that NCSU students will purchase on campus in a week.
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