Posts by Kennon
Total # Posts: 4
How large a sample should be taken if the population mean is to be estimated with 99% confidence to within $72? The population has a standard deviation of $800.
When a (1 - )100% confidence interval is formed for , what is the probability that the interval will not contain within its limits?
A study was conducted to estimate the mean amount spent on Christmas gifts for a typical family having two children. A sample of size 150 was taken, and the mean amount spent was $225. Assuming a standard deviation equal to $50, find a 95% confidence interval for , the mean ...