The Statistics Games are played by a large number of teams across the county. Teams raise money to cover expenses incurred by participating. You want to estimate the mean amount of money raised by teams. You take a random sample of 36 teams and find a mean of $375, with a standard deviation of $32. Interpret your confidence interval, in plain English, in context of the problem. A We are 95% confident that the true mean amount of money raised by teams in the Statistics Games is $375. B We are 95% confident that the sample mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83. C The mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83. D We are 95% confident that the true mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83.
The Statistics Games are played by a large number of teams across the county. Teams raise money to cover expenses incurred by participating. You want to estimate the mean amount of money raised by teams. You take a random sample of 36 teams and find a mean of $375, with a standard deviation of $32. Interpret your confidence interval, in plain English, in context of the problem. A We are 95% confident that the true mean amount of money raised by teams in the Statistics Games is $375. B We are 95% confident that the sample mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83. C The mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83. D We are 95% confident that the true mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83.
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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The Statistics Games are played by a large number of teams across the county. Teams raise money to cover expenses incurred by participating. You want to estimate the mean amount of money raised by teams. You take a random sample of 36 teams and find a mean of $375, with a standard deviation of $32. Interpret your confidence interval, in plain English, in context of the problem.
A
We are 95% confident that the true mean amount of money raised by teams in the Statistics Games is $375.
B
We are 95% confident that the sample mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83.
C
The mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83.
D
We are 95% confident that the true mean amount of money raised by teams in the Statistics Games is between $364.17 and $385.83.
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