QUESTION 39 Suppose we calculated the 95% confidence interval for the mean amount of oil recovered from the wells in the Devonian Richmond Dolomite area of the Michigan basin from a random sample of 50 oil wells. The 95% confidence interval was 18,250 barrels to 88,000 barrels. Which of the following statements best interprets these results? O We are 95% confident that the mean output of the wells in the Devonian Richmond Dolomite area of the Michigan basin is between 18,250 and 88,000 barrels. We are 95% confident that the mean output of the 50 oil wells in the Devonian Richmond Dolomite area of the Michigan basin is between 18,250 and 88,000 barrels. 95% of all of the wells in the Devonian Richmond Dolomite area of the Michigan basin have produced between 18,250 and 88,000 barrels of oil. There is a 95% probability that the mean amount of oil recovered from the wells in the Devonian L00 00O I

QUESTION 39 Suppose we calculated the 95% confidence interval for the mean amount of oil recovered from the wells in the Devonian Richmond Dolomite area of the Michigan basin from a random sample of 50 oil wells. The 95% confidence interval was 18,250 barrels to 88,000 barrels. Which of the following statements best interprets these results? O We are 95% confident that the mean output of the wells in the Devonian Richmond Dolomite area of the Michigan basin is between 18,250 and 88,000 barrels. We are 95% confident that the mean output of the 50 oil wells in the Devonian Richmond Dolomite area of the Michigan basin is between 18,250 and 88,000 barrels. 95% of all of the wells in the Devonian Richmond Dolomite area of the Michigan basin have produced between 18,250 and 88,000 barrels of oil. There is a 95% probability that the mean amount of oil recovered from the wells in the Devonian L00 00O I

Name: QUESTION 39Suppose we calculated the 95% confidence interval for the
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Description: QUESTION 39Suppose we calculated the 95% confidence interval for the mean amount of oil recovered from the wells in theDevonian Richmond Dolomite area of the Michigan basin from a random sample of 50 oil wells. The 95%confidence interval was 18,250

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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