Parking Meter Revenue A one-sided confidence interval can be found for a mean by using H>X−1₁+ or μ $ A 90% upper confidence bound is μ < $.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Parking Meter Revenue A one-sided confidence interval can be found for a
mean by using
S
μ> X-ta or μ< X+tan
S
a
where to is the value found under the row labeled One tail. Find two one-sided
90% confidence intervals of the population mean for the data shown, and
interpret the answers. The data represent the daily revenues in dollars from 15
parking meters in a small municipality. Round your answers to at least three
decimal places.
2.60 1.30 2.40 2.80
1.00 1.05 3.10 2.35
2.50 2.75 2.45 2.35
2.40 2.10 1.80
Send data to Excel
A 90% lower confidence bound is μ > $
A 90% upper confidence bound is µ < $.
Transcribed Image Text:Parking Meter Revenue A one-sided confidence interval can be found for a mean by using S μ> X-ta or μ< X+tan S a where to is the value found under the row labeled One tail. Find two one-sided 90% confidence intervals of the population mean for the data shown, and interpret the answers. The data represent the daily revenues in dollars from 15 parking meters in a small municipality. Round your answers to at least three decimal places. 2.60 1.30 2.40 2.80 1.00 1.05 3.10 2.35 2.50 2.75 2.45 2.35 2.40 2.10 1.80 Send data to Excel A 90% lower confidence bound is μ > $ A 90% upper confidence bound is µ < $.
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