In a random sample of ten cell phones, the mean full retail price was $494.00 and the standard deviation was $198.00. Assume the population is normally distributed and use the t-distribution to find the margin o error and construct a 99% confidence interval for the population mean μ. Interpret the results. Identify the margin of error. (Rol cell phones dollars square dollars is needed.) CH

MATLAB: An Introduction with Applications
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In a random sample of ten cell phones, the mean full retail price was $494.00 and the standard deviation was $198.00. Assume the population is normally distributed and use the t-distribution to find the margin of
error and construct a 99% confidence interval for the population mean u. Interpret the results.
Identify the margin of error.
(Rou
cell phones
dollars
square dollars
is needed.)
Transcribed Image Text:In a random sample of ten cell phones, the mean full retail price was $494.00 and the standard deviation was $198.00. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 99% confidence interval for the population mean u. Interpret the results. Identify the margin of error. (Rou cell phones dollars square dollars is needed.)
In a survey of 2840 adults, 1402 say they have started paying bills online in the last year
Construct a 99% confidence interval for the population proportion. Interpret the results.
A 99% confidence interval for the population proportion is (
(Round to three decimal places as needed.)
Transcribed Image Text:In a survey of 2840 adults, 1402 say they have started paying bills online in the last year Construct a 99% confidence interval for the population proportion. Interpret the results. A 99% confidence interval for the population proportion is ( (Round to three decimal places as needed.)
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