Question: A confidence interval,at the95%confidencelevel,willbe used to answer the question,What is the mean annual salary (in US dollars) of a Tesla car owner?Data was collected from36Tesla
A confidence interval,at the95%confidencelevel,willbe used to answer the question,"What is the mean annual salary (in US dollars) of a Tesla car owner?"Data was collected from36Tesla owners across the US.The meanannual salary of those36Tesla owners was$289000.The standard deviation of ALL Tesla owners is known to be$1342.
a)The value at the center of the confidence interval represents what quantity?Choose an option from the list and type its corresponding letter in the box.
- population mean
- sample mean
- standard deviation
- sample size
Answer for (a):sample mean
b)Isz*or t*used when building thisconfidenceinterval?Choose an option from the list and type its correspondingletter(A or B)in the box.
- z*
- t*
Answer for (b):t*
c)Determine the value of the letter indicated in part(b)using one of the following tables:normal table,t table.Type the number, recorded to3decimals, in the box.
Answers for (c):
**** how do I use the table and which one should I be using? I don't think I have the previous answer correct but I don't know which one should be chosen or why.****
e)If the sample size is decreased to 20 Tesla owners, what would happen to theconfidence interval?Choose an option and write its corresponding letter the blank below.
- It widens.
- It does not change.
- It narrows.
Answer for (e):I believe it widens, but why?
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