posted by .

The U.S. Dairy Industry wants to estimate the mean yearly milk

consumption. A sample of 16 people reveals the mean yearly consumption

to be 60 gallons with a standard deviation of 20 gallons.

a. What is the value of the population mean? What is the best

estimate of this value?

b. Explain why we need to use thetdistribution. What assumption do

you need to make?

c. For a 90 percent confidence interval, what is the value oft?

d. Develop the 90 percent confidence interval for the population

mean.

e. Would it be reasonable to conclude that the population mean is 63

gallons?

## Similar Questions

1. ### statistics

The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 20 people reveals the mean yearly consumption to be 72 gallons with a standard deviation of 15 gallons. What is the 99% confidence interval?
2. ### statistics

The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 20 people reveals the mean yearly consumption to be 72 gallons with a standard deviation of 15 gallons. What is the 99% confidence interval for …
3. ### economics 6

Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals …
4. ### Economics. (6)

Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals …
5. ### economics 6

Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals …
6. ### economics 6

Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals …
7. ### economics 6

Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals …
8. ### economics

Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals …
9. ### economics 6

Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals …
10. ### Economics 6

Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals …

More Similar Questions