Introductory Statistics
Introductory Statistics
1st Edition
ISBN: 9781938168208
Author: Barbara Illowsky, Susan Dean
Publisher: OpenStax College
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Chapter 8, Problem 112H

In a recent sample of 84 used car sales costs, the sample mean was $6425 with a standard deviation of $3,156. Assume the underlying distribution Is approximately normal.

a. Which distribution should you use for this problem? Explain your choice.

b. Define the random variable X in words.

c. Construct a 95°b confidence interval for the population mean cost of a used car.

    i. State the confidence Interval.

ii. Sketch the graph.

iii. Calculate the error bound.

d. Explain what a “95% confidence interval” means for this study.

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Chapter 8 Solutions

Introductory Statistics

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