This table contains the cost per ounce ($USD) for a sample of 14 dark chocolate bars: 0.66 0.74 0.97 1.33 1.56 0.91 0.73 0.57 1.57 0.53 a. Construct a 98% Confidence Interval estimate for the...


This table contains the cost per ounce ($USD)<br>for a sample of 14 dark chocolate bars:<br>0.66 0.74 0.97 1.33 1.56 0.91 0.73 0.57 1.57 0.53<br>a. Construct a 98% Confidence Interval<br>estimate for the population cost per ounce of<br>dark chocolate bars. (Have to find the sample<br>mean and standard deviation first; sample<br>mean becomes your point estimate)<br>b. Construct a 90% confidence interval<br>estimate using the same data.<br>Which estimate gives the larger range of<br>data?<br>

Extracted text: This table contains the cost per ounce ($USD) for a sample of 14 dark chocolate bars: 0.66 0.74 0.97 1.33 1.56 0.91 0.73 0.57 1.57 0.53 a. Construct a 98% Confidence Interval estimate for the population cost per ounce of dark chocolate bars. (Have to find the sample mean and standard deviation first; sample mean becomes your point estimate) b. Construct a 90% confidence interval estimate using the same data. Which estimate gives the larger range of data?

Jun 11, 2022
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