Question: Can you please explain/write/show how to complete these using Excel formulas? If I have a population of an unknown mean, what is the 95% confidence

Can you please explain/write/show how to complete these using Excel formulas?

If I have a population of an unknown mean, what is the 95% confidence interval estimate of the population mean if

a.A random sample of size 36 gives a mean of 50 and a standard deviation of 12.

b.A random sample of size 49 gives a mean of 50 and a standard deviation of 12.

c.Interpret the confidence intervals obtained in parts a and b. In other words, explain in an English sentence on what that those confidence intervals mean.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!