A survey of 48 randomly selected iPhone owners showed that the purchase price has a mean of $670 with a sample standard deviation of $23. (Use z Distribution Table.) a. Compute the standard error of...


A survey of 48 randomly selected iPhone owners showed that the purchase price has a mean of $670 with a sample standard<br>deviation of $23. (Use z Distribution Table.)<br>a. Compute the standard error of the sample mean. (Round your answer to the nearest whole number.)<br>Standard error<br>b. Compute the 98% confidence interval for the mean. (Use tDistribution Table.) (Round your answers to 3 decimal places.)<br>The confidence interval is<br>between<br>and<br>c. To be 98% confident, how large a sample is needed to estimate the population mean within $8? (Round up your answer to the next<br>whole number.)<br>Sample size<br>

Extracted text: A survey of 48 randomly selected iPhone owners showed that the purchase price has a mean of $670 with a sample standard deviation of $23. (Use z Distribution Table.) a. Compute the standard error of the sample mean. (Round your answer to the nearest whole number.) Standard error b. Compute the 98% confidence interval for the mean. (Use tDistribution Table.) (Round your answers to 3 decimal places.) The confidence interval is between and c. To be 98% confident, how large a sample is needed to estimate the population mean within $8? (Round up your answer to the next whole number.) Sample size

Jun 04, 2022
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