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Author Question: You are interested in purchasing a new car. One of the many points you wish to consider is the ... (Read 98 times)

mynx

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on: Feb 14, 2020

Question 1

How much money does the average professional football fan spend on food at a single football game?  That question was posed to ten randomly selected football fans.  The sampled results show that the sample mean and sample standard deviation were $70.00 and $17.50, respectively.  Use this information to create a 95 percent confidence interval for the population mean.
◦ 70 ± 2.228
◦ 70 ± 2.262
◦ 70 ± 1.833
◦ 70 ± 1.960

Question 2

You are interested in purchasing a new car. One of the many points you wish to consider is the resale value of the car after 5 years. Since you are particularly interested in a certain foreign sedan, you decide to estimate the resale value of this car with a 95% confidence interval. You manage to obtain data on 17 recently resold 5-year-old foreign sedans of the same model. These 17 cars were resold at an average price of $12,610 with a standard deviation of $700. What is the 95% confidence interval for the true mean resale value of a 5- year-old car of this model?
◦ 12,610 ± 2.120(700/)
◦ 12,610 ± 2.110(700/)
◦ 12,610 ± 2.120(700/)
◦ 12,610 ± 1.960(700/)
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by mynx on Feb 14, 2020

batool

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Reply #1 on: Feb 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mynx

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Reply 2 on: Feb 14, 2020
Excellent

isabelt_18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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