An article gave the following summary data on shear strength (kip) for a sample of 3/8-in. anchor bolts: n = 71, x = 4.50, s = 1.40. Calculate a lower confidence bound using a confidence level of 90% for true average shear strength. (Round your answer to two decimal places.)
We have given that,
Sample mean =4.5
Sample standard deviation =1.4
Sample size =71
Level of significance=1-0.90=0.1
Degree of freedom =70
t critical value is (by using t table)=
1.667
a lower confidence bound formula
=4.22
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