In a random sample of 25 spacecrafts, the average cost of a hyperdrive is 5100 Galactic credits and the standard deviation was 600 Galactic credits. Assume the costs of the hyperdrives are normally distributed. If you construct an 80% confidence interval you have a margin of error of 158.16 credits and a confidence interval of 4941.84 credits to 5258.16 credits.
Here since we have only sample standard deviation, we don't know the population standard deviation we use Student's t-distribution.
Get Answers For Free
Most questions answered within 1 hours.