Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
A state meat inspector in Iowa has been given the assignment of estimating the mean net weight of packages of ground chuck labeled “3 pounds.” Of course, he realizes that the weights cannot be precisely 3 pounds. A sample of 36 packages reveals the mean weight to be 3.01 pounds, with a standard deviation of 0.03 pounds. 1. What is the estimated population mean? 2. Determine a 95 percent confidence interval for the population mean. Solution: 1. The estimated population mean=sample mean = 3.01 2. 95 percent confidence interval for the population mean; P (Xbar – Zα/2 s/√n < µ < Xbar + Zα/2 s/√n) n = 36 s = 0.03 Xbar = 3.01 Putting all the given values in the above equation to get 95% Confidence interval, P (Xbar – Zα/2 s/√n < µ < Xbar + Zα/2 s/√n) P (3.01 – 1.96 * 0.03/√36 < µ < 3.01 + 1.96 * 0.03/√36) = 0.95 P (3.01 - 0.0098 < µ < 3.01 + 0.0098) = 0.95 P (3.0002 < µ < 3.0198) = 0.95 NOTE: The 95% confidence interval for the population mean is P (3.0002 < µ < 3.0198) = 0.95 Dear client, JustAnswer credits me only for my efforts and times when you click green ACCEPT BUTTON so please don’t forget to click Accept. A tip is a nice way to say thank you If you have any questions regarding this assignment please feel free to ask. Good Day!