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 < $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4PPS
icon
Related questions
Question
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< $
Expert Solution
steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning