What is the excel formula for this? A simple random sample of 60 items resulted in a sample average of 80. The population standard deviation is sigma=15. What is a 99% Confidence Interval for the population mean?
What is the excel formula for this? A simple random sample of 60 items resulted in a sample average of 80. The population standard deviation is sigma=15. What is a 99% Confidence Interval for the population mean?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 14PPS
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What is the excel formula for this?
A simple random sample of 60 items resulted in a sample average of 80. The population standard deviation is sigma=15. What is a 99% Confidence Interval for the population mean?
Expert Solution
Step 1
Given information-
Sample size, n = 60
Sample mean, x-bar = 80
Sample standard deviation, σ = 15
Significance level, α = 0.01
Since here population standard deviation is known so we will use z-distribution.
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