The accompanying data represent the total travel tax (in dollars) for a 3-day business trip in 8 randomly selected cities. A normal probability plot suggests the data could come from a population that is normally distributed. A boxplot indicates there are no outliers. Complete parts (a) through (c) below. 69.14 78.07 69.19 83.13 79.32 86.54 100.34 98.95 (a) Determine a point estimate for the population mean travel tax. A point estimate for the population mean travel tax is $ (Round to two decimal places as needed.) (b) Construct and interpret a 99% confidence interval for the mean tax paid for a three-day business trip. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to two decimal places as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
The accompanying data represent the total travel tax (in dollars) for a 3-day business trip in 8 randomly selected cities. A normal probability plot
suggests the data could come from a population that is normally distributed. A boxplot indicates there are no outliers. Complete parts (a) through
(c) below.
69.14
78.07
69.19
83.13
79.32
86.54 100.34
98.95 O
(a) Determine a point estimate for the population mean travel tax.
A point estimate for the population mean travel tax is $
(Round to two decimal places as needed.)
(b) Construct and interpret a 99% confidence interval for the mean tax paid for a three-day business trip. Select the correct choice below and fill
in the answer boxes to complete your choice.
(Round to two decimal places as needed.)
O A. There is a
% probability that the mean travel tax for all cities is between $
and $
O B. The travel tax is between $
and $
for
% of all cities.
O C. One can be
% confident that all cities have a travel tax between $
and $
O D. One can be
% confident that the mean travel tax for all cities is between $
and $
(c) What would you recommend to a researcher who wants to increase the precision of the interval, but does not have access to additional data?
The researcher could
the
Transcribed Image Text:The accompanying data represent the total travel tax (in dollars) for a 3-day business trip in 8 randomly selected cities. A normal probability plot suggests the data could come from a population that is normally distributed. A boxplot indicates there are no outliers. Complete parts (a) through (c) below. 69.14 78.07 69.19 83.13 79.32 86.54 100.34 98.95 O (a) Determine a point estimate for the population mean travel tax. A point estimate for the population mean travel tax is $ (Round to two decimal places as needed.) (b) Construct and interpret a 99% confidence interval for the mean tax paid for a three-day business trip. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to two decimal places as needed.) O A. There is a % probability that the mean travel tax for all cities is between $ and $ O B. The travel tax is between $ and $ for % of all cities. O C. One can be % confident that all cities have a travel tax between $ and $ O D. One can be % confident that the mean travel tax for all cities is between $ and $ (c) What would you recommend to a researcher who wants to increase the precision of the interval, but does not have access to additional data? The researcher could the
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman