Question

Household weekly spending at Aldi data collected from 20 families in Sydney had the sample mean...

Household weekly spending at Aldi data collected from 20 families in Sydney had the sample mean $160 with a sample standard deviation of $15.

Calculate 90% confidence interval for μ.

Show your workings or provide Excel functions you have used for calculation.

Homework Answers

Answer #1

otherwise you can use CONFIDENCE (alpha, standard_dev, size) function in excel to find the answer

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A recent survey in Sydney revealed that 70% customers at Aldi spend less than 150 dollars...
A recent survey in Sydney revealed that 70% customers at Aldi spend less than 150 dollars for weekly spending on groceries items. Suppose you randomly record the spending of 100 customers at Aldi. Calculate 95% confidence interval for the population proportion. Show your workings or provide Excel functions you have used for calculation.
Question 4 Iowa Families Question1 For a random sample of 64 Iowa homes, average weekly food...
Question 4 Iowa Families Question1 For a random sample of 64 Iowa homes, average weekly food expenditure turns out to be $160, with a standard devaition of $64. Let mu denote the mean weekly food expenditure for Iowa families. Find a 95% confidence Interval for μ.
For a random sample of 64 Iowa homes, average weekly food expenditure turns out to be...
For a random sample of 64 Iowa homes, average weekly food expenditure turns out to be $160, with a standard deviation of $64. Let μ denote the mean weekly food expenditure for Iowa families. Find a 95% confidence interval for μ, when it is additionally known that the standard deviation of weekly food expenditure for all Iowa families is $64. Find the p-value of the appropriate test of hypotheses for checking if µ exceeds $145, when it is additionally known...
A random sample of 20 observations is used to estimate the population mean. The sample mean...
A random sample of 20 observations is used to estimate the population mean. The sample mean and the sample standard deviation are calculated as 152 and 74, respectively. Assume that the population is normally distributed. What is the margin of error for a 95% confidence interval for the population mean? Construct the 95% confidence interval for the population mean. Construct the 90% confidence interval for the population mean. Construct the 78% confidence interval for the population mean. Hint: Use Excel...
A study was conducted to estimate μ, the mean number of weekly hours that U.S. adults...
A study was conducted to estimate μ, the mean number of weekly hours that U.S. adults use computers at home. Suppose a random sample of 81 U.S. adults gives a mean weekly computer usage time of 8.5 hours and that from prior studies, the population standard deviation is assumed to be σ = 3.6 hours. The 95% confidence interval for the mean, μ, is (7.7, 9.3). Which of the following will provide a more informative (i.e., narrower) confidence interval than...
The weekly time (in hours) spent on homework by 20 college student has a sample mean...
The weekly time (in hours) spent on homework by 20 college student has a sample mean of 12.2 hours and a sample standard deviation of 1.8 hours. Construct a 99% confidence interval.
1)Given a sample mean is82, the sample size is 100and the population standard deviation is 20....
1)Given a sample mean is82, the sample size is 100and the population standard deviation is 20. Calculate the margin of error to 2 decimalsfor a 90% confidence level. 2)Given a sample mean is 82, the sample size is 100 and the population standard deviation is 20. Calculate the confidence interval for 90% confidence level. What is the lower limit value to 2 decimals? 3)Given a sample mean is 82, the sample size is 100 and the population standard deviation is...
Show in excel if possible: Suppose a sample data set of size n = 20 has...
Show in excel if possible: Suppose a sample data set of size n = 20 has a sample mean x=115, and a sample standard deviation, s = 23. a) Develop a 80% confidence interval for the population mean. b) In words, how do you interpret this confidence interval?
Construct the indicated confidence interval for the population mean of each data set. If it is...
Construct the indicated confidence interval for the population mean of each data set. If it is possible to construct a confidence interval, justify the distribution you used. If it is not possible, explain why. ***Please provide formulas used, step by step process, and hand write....thank you so much! In a random sample of 40 patients, the mean waiting time at a dentist’s office was 20 minutes and the standard deviation was 7.5 minutes. Construct a 95% confidence interval for the...
A random sample of 99 light bulbs had a mean life of x = 415 hours...
A random sample of 99 light bulbs had a mean life of x = 415 hours with a standard deviation of a = 34 hours. Construct a 90% confidence interval for the mean life, μ, of all light bulbs of this type. Round to the nearest ones place?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT