B what is the population mean what is the best estimate of


A manufacturer of batteries for "kids' toys" wishes to investigate the length of time a battery will last. Test results on a sample of 10 batteries indicated a sample mean of 4.67 and a sample standard deviation of 0.57.

a. Determine the mean and the standard deviation

b. What is the population mean? What is the best estimate of that value?

c. Construct a 95 percent confidence interval for the population mean.

d. Is it reasonable for the manufacturer to claim that the batteries will last 6.0 hours?

Solution Preview :

Prepared by a verified Expert
Finance Basics: B what is the population mean what is the best estimate of
Reference No:- TGS01555747

Now Priced at $15 (50% Discount)

Recommended (95%)

Rated (4.7/5)