Referring to Exercise 5.5, construct a 99% prediction interval for the kilometers traveled annually by an automobile

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Referring to Exercise 5.5, construct a 99% prediction interval for the kilometers traveled annually by an automobile owner in Virginia.

Exercise 5.5

A random sample of 100 automobile owners in the state of Virginia shows that an automobile is driven on average 23,500 kilometers per year with a standard deviation of 3900 kilometers. Assume the distribution of measurements to be approximately normal.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Essentials Of Probability And Statistics For Engineers And Scientists

ISBN: 9780321783738

1st Edition

Authors: Ronald E. Walpole, Raymond Myers, Sharon L. Myers, Keying E. Ye

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