Construct a 95 confidence interval estimate for the mean of


Estimate Interval

The makers of a soft drink want to identify the average age of its consumers. A sample of 55 consumers was taken. The average age in the sample was 21 years with a sample standard deviation of 4 years. Please answer the following questions:

a. Construct a 95% confidence interval estimate for the mean of the consumers' age.

b. Suppose a sample of 71 was selected (with the same mean and the sample standard deviation). Construct a 95% confidence interval for the mean of the consumers' age.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Construct a 95 confidence interval estimate for the mean of
Reference No:- TGS02296879

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)