MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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**Confidence Interval Estimation Exercise**

Listed below are the amounts of net worth (in millions of dollars) of the ten wealthiest celebrities in a country. Construct a 90% confidence interval. What does the result tell us about the population of all celebrities? Do the data appear to be from a normally distributed population as required?

**Net Worth Data (in millions):**
- 257
- 218
- 190
- 164
- 155
- 153
- 145
- 145
- 145
- 145

**Question:**
What is the confidence interval estimate of the population mean μ?

**Answer Format:**
\[_\] million < μ < \[_\] million
*(Round to one decimal place as needed.)*

**Instructions:**
Enter your answer in the edit fields provided and click "Check Answer."

**Progress Indicator:**
2 parts remaining.

---

This problem involves constructing a confidence interval for the mean net worth of the wealthiest celebrities. The data provided should be assessed for normal distribution to validate the use of a confidence interval.
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Transcribed Image Text:**Confidence Interval Estimation Exercise** Listed below are the amounts of net worth (in millions of dollars) of the ten wealthiest celebrities in a country. Construct a 90% confidence interval. What does the result tell us about the population of all celebrities? Do the data appear to be from a normally distributed population as required? **Net Worth Data (in millions):** - 257 - 218 - 190 - 164 - 155 - 153 - 145 - 145 - 145 - 145 **Question:** What is the confidence interval estimate of the population mean μ? **Answer Format:** \[_\] million < μ < \[_\] million *(Round to one decimal place as needed.)* **Instructions:** Enter your answer in the edit fields provided and click "Check Answer." **Progress Indicator:** 2 parts remaining. --- This problem involves constructing a confidence interval for the mean net worth of the wealthiest celebrities. The data provided should be assessed for normal distribution to validate the use of a confidence interval.
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