How much does a sleeping bag cost? Backpacker Magazine took a random sample of the cost of 31 sleeping bags that should keep you warm above 20°F and found that the mean cost was $ 119.75 with a standard deviation of $17.20. Use a calculator to build a 95% confidence interval for the population mean price of all of these types of sleeping bags. Then write a sentence or two to explain what your confidence interval means.
How much does a sleeping bag cost? Backpacker Magazine took a random sample of the cost of 31 sleeping bags that should keep you warm above 20°F and found that the mean cost was $ 119.75 with a standard deviation of $17.20. Use a calculator to build a 95% confidence interval for the population mean price of all of these types of sleeping bags. Then write a sentence or two to explain what your confidence interval means.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
How much does a sleeping bag cost? Backpacker Magazine took a random sample of the cost of 31 sleeping bags that should keep you warm above 20°F and found that the mean cost was $ 119.75 with a standard deviation of $17.20. Use a calculator to build a 95% confidence interval for the population mean price of all of these types of sleeping bags. Then write a sentence or two to explain what your confidence interval means.
Expert Solution
Step 1
Given:
n = 31
= 119.75
s = 17.20
Formula Used:
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman