Question: Create confidence intervals related to the interval and ratio-level data you collected. What is the best estimate of the population mean Develop a 95% confidence
Create confidence intervals related to the interval and ratio-level data you collected.
- What is the best estimate of the population mean
- Develop a 95% confidence interval for the population mean. Develop a 90% confidence interval for the population mean. Develop a 98% confidence interval for the population mean.
- Interpret the confidence interval.
NOTE: I really need to understand the steps so please be detailed. ***Also, what do i reference when developing a 95%, 90%, and 98% confidence internvals. - Please explain in detail.
Numbers:
50000
10000
20000
10000
20000
20000
0
12000
15000
2000
15000
10000
6000
35000
6400
8700
5000
6500
40000
40000
6000
40000
5000
5500
0
8000
15000
5640
8000
4800
3400
13000
3100
0
I have already calculated: (Please check these as well)
N= 34
Average= 13207.05882
Standard Deviation= 13028.7234
Thank you
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