Ball Ellis
10/06/2023 · Primary School
You are given the sample mean and the population standard deviation. Use this information to construct the \( 90 \% \) and \( 95 \% \) confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals. A random sample of 45 home theater systems has a mean price of \( \$ 142.00 \). Assume the population standard deviation is \( \$ 18.20 \). Construct a \( 90 \% \) confidence interval for the population mean. The \( 90 \% \) confidence interval is ( \( \square, \square \). (Round to two decimal places as needed.)
Upstudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The \(90\%\) confidence interval is (137.55, 146.45) and the \(95\%\) confidence interval is (136.69, 147.31). The \(95\%\) interval is wider than the \(90\%\) interval.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit