Question: In the Math 1 1 0 Estrada FA 2 2 folder load the data set StatCrunchUFA 2 3 . This is a random sample of
In the Math Estrada FA folder load the data set StatCrunchUFA This is a random sample of students. The variable CC debt measures the dollar amount in credit card debt for each student.
a Use this data set to create a confidence interval to estimate the mean credit card debt amount for all students StatCrunchU.
b Interpret this interval in the context of the problem.
c What is one change we can make to the interval that will make the interval narrower? Show how your suggestion has the impact predicted.
d Based on the intervals you created, is it reasonable to assume the mean credit card debt amount for all StatCrunchU students is $ Explain
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
