Finding the margin of error


Assignment:

The following quotes for cleaning cost have been obtained from a random sample of 12 providers chosen from a much larger population, prior to awarding a contract for these services:

$114,$154,$142,$132,$127,$145 $135,$138,$126,$142,$135,$124

a. Approximately how far is the average of these 12 quotes from the unknown mean for the entire population of providers?
b. Find the margin of error (for two-sided confidence at the 95% level).
c. Find the 95% confidence interval for the population mean quote.
d. Find the 99% confidence interval for the population mean quote.
e. Find the one-sided 95% confidence interval that claims that the population means quote is no larger than some value.
f. Find the one-sided 99% confidence interval that claims that the population means quote is no larger than some value.

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Basic Statistics: Finding the margin of error
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