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Author Question: The makers of a soft drink want to identify the average age of its consumers. A sample of 55 ... (Read 56 times)

dekbert

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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 standard deviation of 4 years.

a.Construct a 95% confidence interval for the true average age of the consumers.
b.Construct an 80% confidence interval for the true average age of the consumers.
c.Discuss why the 95% and 80% confidence intervals are different.



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Marked as best answer by dekbert on Mar 25, 2023

breounasmoot

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dekbert

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Reply 2 on: Mar 25, 2023
Excellent


covalentbond

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Reply 3 on: Yesterday
Gracias!

 

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