The economic dynamism, which is the index of productive growth (in dollars) for countries that are designated by the World Bank as middle-income are in following table ("SOCR data 2008," 2013): Table: Economic Dynamism ($) of Middle Income Countries 25.8057 37.4511 51.915 43.6952 47.8506 43.7178 58.0767 41.1648 38.0793 37.7251 39.6553 42.0265 48.6159 43.8555 49.1361 61.9281 41.9543 44.9346 46.0521 48.3652 43.6252 50.9866 59.1724 39.6282 33.6074 21.6643 Compute a 95% confidence interval for the mean economic dynamism of middle-income countries by answering the following questions: (i) Determine sample mean x :i Determine sample mean x : Enter in decimal form to nearest ten-thousandth. Do not enter units of measure. Examples of correctly entered answers: 0.0015 0.0000 136.7000 99.0070 36.9128
The economic dynamism, which is the index of productive growth (in dollars) for countries that are designated by the World Bank as middle-income are in following table ("SOCR data 2008," 2013):
Table: Economic Dynamism ($) of Middle Income Countries
|
25.8057
|
37.4511 | 51.915 | 43.6952 | 47.8506 | 43.7178 | 58.0767 |
| 41.1648 | 38.0793 | 37.7251 | 39.6553 | 42.0265 | 48.6159 | 43.8555 |
| 49.1361 | 61.9281 | 41.9543 | 44.9346 | 46.0521 | 48.3652 | 43.6252 |
| 50.9866 | 59.1724 | 39.6282 | 33.6074 | 21.6643 |
Compute a 95% confidence interval for the mean economic dynamism of middle-income countries by answering the following questions:
(i) Determine sample mean x :i Determine sample mean x :
Enter in decimal form to nearest ten-thousandth. Do not enter units of measure. Examples of correctly entered answers:
0.0015 0.0000 136.7000 99.0070 36.9128
(ii) Determine sample standard deviation s :
Enter in decimal form to nearest ten-thousandth. Examples of correctly entered answers:
0.0001 0.0020 0.5000 5.3070 1.7157
(iii) Determine degrees of freedom df value:
Enter value as whole number
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