A chocolate chip cookie manufacturing company recorded the number of chocolate chips in a sample of 70 cookies. The mean is 22.42 and the standard deviation is 2.44. Construct a 99% confidence interval estimate of the standard deviation of the numbers of chocolate chips in all such cookies.
Given : Sample size=n=70
Sample standard deviation=s=2.44
Signiifcance level=
Now , the criitcal values are given by ,
The Excel function is , =CHIINV(0.005,69)
The Excel function is , =CHIINV(0.995,69)
Therefore , the 99% confidence interval estimate of the standard deviation of the numbers of chocolate chips in all such cookies is ,
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