John was assigned the task of investigating the error in payments for routine purchases made by the purchasing department. John randomly selected 12 payments, investigated them thoroughly, and detemined a payment error for each of these payments, resulting in a mean value of 21 and standard deviation of 12.76. The payment error was defined as the difference between the amount paid and what should have been paid. What is 90% confidence interval for the population mean payment error?
John was assigned the task of investigating the error in payments for routine purchases made by the purchasing department. John randomly selected 12 payments, investigated them thoroughly, and detemined a payment error for each of these payments, resulting in a mean value of 21 and standard deviation of 12.76. The payment error was defined as the difference between the amount paid and what should have been paid. What is 90% confidence interval for the population mean payment error?
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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Transcribed Image Text:John was assigned the task of investigating the erTor in payments for routine purchases made by the purchasing department. John randomly
selected 12 payments, investigated them thoroughly, and determined a payment error for each of these payments, resulting in a mean value of 21
and standard deviation of 12.76. The payment error was defined as the difference between the amount paid and what should have been paid.
What is 90% confidence interval for the population mean payment error?
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