A purchasing agent wants to estimate the mean daily usage of rye flour. She takes a sample for 50 straight days and find that the sample mean is 180 lbs with a sample standard deviation of 38.5 lbs. a)State the 90% confidence interval for the mean.b) State the margin of error
statistics - MathGuru, Thursday, June 14, 2012 at 7:16pm
Use a confidence interval formula:
CI90 = mean ± 1.645(sd/√n)
...where ± 1.645 represents the 90% confidence interval using a z-table, sd = standard deviation, √ = square root, and n = sample size.
Plug your data into the formula to calculate the confidence interval and the margin of error.
I hope this will help get you started.