As part of a survey, you ask a random sample of business owners how much they would

Question:

As part of a survey, you ask a random sample of business owners how much they would be willing to pay for a website for their company. The results are shown in the figure at the left. Use a 90% level of confidence.

How much will you pay for your site? n = 30 s = $3600

Assume the sample is from a normally distributed population and construct the indicated confidence intervals for

(a) The population variance σ² and

(b) the population standard deviation σ. Interpret the results.

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Related Book For answer-question

Elementary Statistics Picturing The World

ISBN: 9780134683416

7th Edition

Authors: Ron Larson, Betsy Farber

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Question Posted: May 15, 2019 11:49 AM

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As part of a survey, you ask a random sample of business owners how much they would

Question:

How much will you pay for your site? n = 30 s = $3600

Step by Step Answer:

a b With 90 confidence you can say that the ...View the full answer

Elementary Statistics Picturing The World

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