Question: Gather at least 20 data points to estimate the mean of some large population. Use EXCEL or StatCrunch on these data points, as indicated below.
Gather at least 20 data points to estimate the mean of some large population. Use EXCEL or StatCrunch on these data points, as indicated below. make a report with the following
topic : Rent for a 1-bedroom 1-bathroom apartment in Jamaica, Queens. 1. A description of the problem, clearly stating the mean you are estimating and the population from which the sample was taken. Also include your best guess as to what the population mean will be. 2. State how the sample was taken. 3. A list of all the sample points and their source (a personal survey should include the names and addresses or phone numbers of those questioned, if possible). The data may also come from the internet or a newspaper. 4. The computer output for the 95% and 99% confidence intervals. 5. An interpretation of the 95% confidence interval. 6. Test the hypothesis that your population mean is equal to your best guess from part 1 for = 0.05. State clearly the null and alternate hypotheses and your conclusion. What are the calculated and table values of t? Did you accept or reject the null hypothesis? Why? 7. What is the p value from the computer output for this problem? Compare that value with .05. What does this comparison tell you? Be specific to your particular project. 8. Explain the connection between the results in part 5, and your conclusions in parts 6 and 7. Be specific to your particular project. 9. Discuss how your results might be of practical use
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