Show your solution. Explain your answer. 1. Estimate the population mean of the weekly allowance of DPC students at 99% confidence level given that the mean allowance of 169 samples is 1 430 with a standard deviation of 660 2. Based on the given information in item number 1, how much is the allowance of a student that is greater than 97.5% of the population?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question

answer number 2

Show your solution. Explain your
answer.
1. Estimate the population mean
of the weekly allowance of DPC
students at 99% confidence level
given that the mean allowance of
169 samples is 1 430 with a
standard deviation of 660
2. Based on the given information
in item number 1, how much is the
allowance of a student that is
greater than 97.5% of the
population?
Transcribed Image Text:Show your solution. Explain your answer. 1. Estimate the population mean of the weekly allowance of DPC students at 99% confidence level given that the mean allowance of 169 samples is 1 430 with a standard deviation of 660 2. Based on the given information in item number 1, how much is the allowance of a student that is greater than 97.5% of the population?
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