Assume that a sample is used to estimate a population mean μ. Find the margin of error M.E. that corresponds to a sample of size 14 with a mean of 25.7 and a standard deviation of 17.1 at a confidence level of 99.5%. Report ME accurate to one decimal place because the sample statistics are presented with this accuracy. M.E. = Answer should be obtained without any preliminary rounding. However, the critical value may be rounded to 3 decimal places.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Assume that a sample is used to estimate a population mean μ. Find the margin of error M.E. that
corresponds to a sample of size 14 with a mean of 25.7 and a standard deviation of 17.1 at a confidence
level of 99.5%.
Report ME accurate to one decimal place because the sample statistics are presented with this accuracy.
M.E. =
Answer should be obtained without any preliminary rounding. However, the critical value may be rounded
to 3 decimal places.
Transcribed Image Text:Assume that a sample is used to estimate a population mean μ. Find the margin of error M.E. that corresponds to a sample of size 14 with a mean of 25.7 and a standard deviation of 17.1 at a confidence level of 99.5%. Report ME accurate to one decimal place because the sample statistics are presented with this accuracy. M.E. = Answer should be obtained without any preliminary rounding. However, the critical value may be rounded to 3 decimal places.
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