Question: Mean: $34,047 SD: 13374.84 Sample Size: 10 P= 0.7 Q= 0.3 Using this information, calculate two 97% confidence intervals.For the first interval you need to
Mean: $34,047
SD: 13374.84
Sample Size: 10
P= 0.7
Q= 0.3
Using this information, calculate two 97% confidence intervals.For the first interval you need to calculate a T-confidence interval for the sample population.You have the mean, standard deviation and the sample size, all you have left to find is the T-critical value and you can calculate the interval.For the second interval calculate a proportion confidence interval using the proportion of the number of cars that fall below the average.You have the p, q, and n, all that is left is calculating a Z-critical value.
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