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...


Can you please check my work


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<br>mean. Interpret the results and compare the widths of the confidence intervals.<br>From a random sample of 38 business days, the mean closing price of a certain stock was $114.84. Assume the population standard deviation is $10.85.<br>The 90% confidence interval is (1.12 ,1.56).<br>(Round to two decimal places as needed.)<br>

Extracted text: 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. From a random sample of 38 business days, the mean closing price of a certain stock was $114.84. Assume the population standard deviation is $10.85. The 90% confidence interval is (1.12 ,1.56). (Round to two decimal places as needed.)

Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here