Answered: Suppose the shipping weight of your…

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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Question

7-3

Suppose the shipping weight of your cheese shop's customized gift baskets is asymmetrically distributed with unknown mean and standard deviation. For a sample of 45 orders, the mean weight is 41 ounces and the standard deviation is 6.3 ounces.

What is the upper bound of the 90 percent confidence interval for the gift basket's average shipping weight?

Note that the correct answer will be evaluated based on the z-values in the summary table in the Teaching Materials section.

Please round your answer to the nearest tenth.

Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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