In a random sample of twelve cell phones, the mean full retail price was $434.00 and the standard deviation was $177.00. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 90% confidence interval for the population mean μ. Identify the margin of error. dollars (Round to one decimal place as needed.) Construct a 90% confidence interval for the population mean. (00 (Round to one decimal place as needed.) CES

MATLAB: An Introduction with Applications
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In a random sample of twelve cell phones, the mean full retail price was $434.00 and the standard deviation was $177.00. Assume the population is normally distributed and
use the t-distribution to find the margin of error and construct a 90% confidence interval for the population mean p.
A
Identify the margin of error.
dollars
(Round to one decimal place as needed.)
Construct a 90% confidence interval for the population mean.
(Round to one decimal place as needed.)
THEE
Transcribed Image Text:In a random sample of twelve cell phones, the mean full retail price was $434.00 and the standard deviation was $177.00. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 90% confidence interval for the population mean p. A Identify the margin of error. dollars (Round to one decimal place as needed.) Construct a 90% confidence interval for the population mean. (Round to one decimal place as needed.) THEE
12) Show supporting calculations and WRITE A VALID CONCLUDING STATEMENT for this
confidence interval.
Transcribed Image Text:12) Show supporting calculations and WRITE A VALID CONCLUDING STATEMENT for this confidence interval.
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