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

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
H>X-10√1
μ>
S
or μ<X+ta
where t 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 16
parking meters in a small municipality. Round your answers to at least three
decimal places.
2.59 1.29 2.39 2.79
0.99 1.04 3.09 2.34
2.49 2.74 2.44 2.34
2.39 2.09 1.79 2.89
S
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 H>X-10√1 μ> S or μ<X+ta where t 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 16 parking meters in a small municipality. Round your answers to at least three decimal places. 2.59 1.29 2.39 2.79 0.99 1.04 3.09 2.34 2.49 2.74 2.44 2.34 2.39 2.09 1.79 2.89 S Send data to Excel A 90% lower confidence bound is μ> $ A 90% upper confidence bound is μ< $
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