Creating Confidence Intervals
1. What is the relationship between the Empirical Rule and a 95% confidence interval?
2. How are confidence and margin of error related? Explain with examples.
3. Explain with words and steps how to create a confidence interval for estimating the true value of the population mean of the number of cars owned by Beverly Hills households. Don't forget to write an interpretation of the confidence interval. The sample results were:
a. Sample size of 100 people
b. Sample average was 5.2
c. Sample standard deviation was 2.8
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