Question: Can you please solve this with the steps below. Thank you. Step 1: Identify the parameter of interest (in words). Step 2: Identifyxbar (sample mean
Can you please solve this with the steps below. Thank you.
Step 1:Identify theparameter of interest(in words).
Step 2:Identifyxbar (sample mean - point estimate), s (sample standard deviation), n (sample size),df(degrees of freedom) and the significance level (1-confidence level in decimal form).
Step 3:Verify the conditions for applying the CLT (Central Limit Theorem): independence and normality. If conditions are not met, note the possible issues but proceed with finding the confidence interval.
Step 4:Find the t* (critical value) using this appand submit a screen shot of your work and the graphhttps://scistatcalc.blogspot.com/2013/11/online-critical-t-value-calculator.htmlNote: our confidence interval is two-tailed.
Step 5:Calculate the SE (standard error), ME (margin of error) and confidence interval. Show all formulas and calculations.
Step 6:State the correct interpretation of the confidence interval in wordsin the context of the problem.
Justin is interested in buying a digital phone. He visited 11 stores at random and recorded the price of the particular phone he wants. The sample of prices had a mean of 182.96 and a standard deviation of 11.72.
(a) What t-score should be used for a 95% confidence interval for the mean,, of the distribution?
t* =
(b) Calculate a 95% confidence interval for the mean price of this model of digital phone:
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