Need to construct a 99% confidence inverts for the population mean. The second picture is information about the the sample but not in a 99% confidence interval. Thank you!

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Need to construct a 99% confidence inverts for the population mean. The second picture is information about the the sample but not in a 99% confidence interval. Thank you!

i. Mean
=AVERAGE(B2:B600) =65,039
ii. Median
=MEDIAN(B2:B600) =58,710
iii. Mode
=MODE(B2:B600) =49970
iv. Midrange
=MAX(B2:B600) =198,110
=MIN(B2:B600) =30,980
198,110+30,980=229,090
229,090/2=114,545
v. Range
=MAX(B2:B600)-MIN(B2:B600) =167,130
vi. Variance
=VAR.P(B2:B600) =724429866.7
vii. Standard Deviation
=STDEV.P(B2:B600) =26915.23484
Transcribed Image Text:i. Mean =AVERAGE(B2:B600) =65,039 ii. Median =MEDIAN(B2:B600) =58,710 iii. Mode =MODE(B2:B600) =49970 iv. Midrange =MAX(B2:B600) =198,110 =MIN(B2:B600) =30,980 198,110+30,980=229,090 229,090/2=114,545 v. Range =MAX(B2:B600)-MIN(B2:B600) =167,130 vi. Variance =VAR.P(B2:B600) =724429866.7 vii. Standard Deviation =STDEV.P(B2:B600) =26915.23484
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3. Using the data from the 'Data' tab in this workbook, construct a 99% confidence interval for the population
mean. Assume that your data is normally distributed and o is unknown. Include a statement that correctly
interprets the confidence interval in context of the scenario.
Question 4 Question 5
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Hint: Use the sample mean and sample standard deviation from Deliverable 1. Do NOT copy and paste the values.
Instead, use cell referencing to use the unrounded values.
Calculate all of the values needed to create this confidence interval to the right.
Below, include a breakdown of the steps, include formulas, and correctly interpret the solution in context of the
scenario with the correct units.
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Transcribed Image Text:Paste py 14 0 1 2 3 4 5 6 7 8 9 20 21 22 23 24 25 26 27 28 29 Ready Format Painter Clipboard A B X Calibri BIU C Page Layout fx V Data Question 1 Accessibility: Good to go Type here to search D ✓11 Font V wwwmters_Delivera E Formulas Question 2 A A • Α' Α' V A V F 2 Data Review Question 3 === = comuence Intervals_08092022 • Saved ✓ G 1 View Help Alignment H O 발 Follo Wrap Text Merge & Center ✓ 3. Using the data from the 'Data' tab in this workbook, construct a 99% confidence interval for the population mean. Assume that your data is normally distributed and o is unknown. Include a statement that correctly interprets the confidence interval in context of the scenario. Question 4 Question 5 | Hint: Use the sample mean and sample standard deviation from Deliverable 1. Do NOT copy and paste the values. Instead, use cell referencing to use the unrounded values. Calculate all of the values needed to create this confidence interval to the right. Below, include a breakdown of the steps, include formulas, and correctly interpret the solution in context of the scenario with the correct units. y General 407 $ % 900 00 K V Search (Alt+Q) Number L LUN ly n Conditional Format as Cell Formatting Table V Styles M Calculations/Values V Mean Standard Deviation Critical Value Margin of Error Lower Limit Upper Limit G W Styles N V Formulas/Answers 71% Insert Delete Cells O 815
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