Weight 1.897 Cost 53.6 3.019 184.9 0.453 6.4 0.988 23.5 1.058 33.4 2.1 110.4 2.387 104.6 People at SpaceX Inc conducted a pilot study to determine the relationship between the weight and cost of a major object being sent into space. The results of the pilot study are contained in data file ASP.1, available in the LBRT #2 folder. Determine the number of observations needed to be 89% confident that the estimate of the average cost is within $15 of the overall mean cost. Note: Assume that the pilot study standard deviation is a good estimate of the population standard deviation, that an appropriate value from the Z-table can be used, and that hand calculations are used to find the answer (i.e. do not use Kaddstat).

Weight 1.897 Cost 53.6 3.019 184.9 0.453 6.4 0.988 23.5 1.058 33.4 2.1 110.4 2.387 104.6 People at SpaceX Inc conducted a pilot study to determine the relationship between the weight and cost of a major object being sent into space. The results of the pilot study are contained in data file ASP.1, available in the LBRT #2 folder. Determine the number of observations needed to be 89% confident that the estimate of the average cost is within $15 of the overall mean cost. Note: Assume that the pilot study standard deviation is a good estimate of the population standard deviation, that an appropriate value from the Z-table can be used, and that hand calculations are used to find the answer (i.e. do not use Kaddstat).

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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