Question: Lower confidence limit? Upper confidence limit best point estimate margin of error Prof. K. wants to estimate the average cost of a dozen eggs last

 Lower confidence limit? Upper confidence limit best point estimate margin of

Lower confidence limit? Upper confidence limit best point estimate margin of error

error Prof. K. wants to estimate the average cost of a dozen

Prof. K. wants to estimate the average cost of a dozen eggs last week. To do this they gathered a sample of the costs of a dozen store brand eggs from 25 stores, The sample yielded a mean of $1.68 and a standard deviation of 0.25. Find the 95% confidence interval for the mean, interpret the confidence interval, and decide if the mean cost of a dozen eggs is $1.50. Which ti84 function is required to find the confidence interval? Z-Interval What are the following values? n= 25 D= = 0.25 S= 1.68 Confidence level = 0.95 Lower confidence limit = none of these is correct Upper confidence limit = [ Select ] Best point estimate [Select ] Margin of Error = [Select ]

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