Answered: In order to estimate the average…

Name: In order to estimate the average electricity usage per month, a sample
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Description: In order to estimate the average electricity usage per month, a sample of 125 residential customers were selected, and the monthly electricity usage was determined using the customers' meter readings. Assume a population variance of 12,100kWh2. Use E

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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In order to estimate the average electricity usage per month, a sample of 125 residential customers were selected, and the monthly electricity usage was determined using the customers' meter readings. Assume a population variance of 12,100kWh2. Use Excel to find the 98% confidence interval for the mean electricity usage in kilowatt hours. Round your answers to two decimal places and use ascending order.

Electric Usage

765

1139

714

687

1027

1109

749

799

911

631

975

717

1232

806

637

894

856

896

1272

1224

621

606

898

723

817

746

933

595

851

1027

770

685

750

1198

975

678

1050

886

826

1176

583

841

1188

692

733

791

584

1163

593

1234

603

1044

1233

1178

598

904

778

693

590

845

893

1028

975

788

1240

1253

854

1185

1164

741

1058

1053

795

1198

1240

1140

959

938

1008

1035

1085

1100

680

1006

977

1042

1252

943

1165

1014

912

791

612

935

864

953

667

1005

1063

1095

1086

810

1032

970

1099

1229

892

1074

579

754

1007

1116

583

763

1231

966

962

1132

738

1033

697

891

840

725

1031

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

Expert Solution

Step 1

Calculating Mean and Standard Deviation for the given Data :

Standard Deviation, s: 198.3787

Count, N:	125
Sum, Σx:	114665
Mean, x̄:	917.32
Variance, s²:	39354.1387

Also , given Population variance = 12,100

Population Standard Deviation = $\sqrt{12100} = 34.641$

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