SOLUTION: The U.S. Dairy Industry wants to estimate the mean yearly milk
consumption. A sample of 16 people reveals the mean yearly consumption
to be 60 gallons with a standard devia
Algebra.Com
Question 768426: The U.S. Dairy Industry wants to estimate the mean yearly milk
consumption. A sample of 16 people reveals the mean yearly consumption
to be 60 gallons with a standard deviation of 20 gallons.
a. What is the value of the population mean? What is the best
estimate of this value?
b. Explain why we need to use thetdistribution. What assumption do
you need to make?
c. For a 90 percent confidence interval, what is the value oft?
d. Develop the 90 percent confidence interval for the population
mean.
e. Would it be reasonable to conclude that the population mean is 63
gallons? (Lind. Statistical Techniques in Business & Economics. 2012)
Answer by coursehelpcj(1) (Show Source): You can put this solution on YOUR website!
RELATED QUESTIONS
The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of... (answered by stanbon)
The sugar producers association wants to estimate the mean yearly sugar consumption. A... (answered by Boreal)
The American Sugar Producers Association wants to estimate the mean yearly sugar... (answered by stanbon)
The American Sugar Producers Association wants to estimate the mean yearly sugar... (answered by stanbon)
The American Sugar Producers Association wants to estimate the mean yearly sugar... (answered by JBarnum)
A research company desires to know the mean consumption of milk per week among people... (answered by stanbon)
A marketing research company desires to know the mean consumption of milk per week among... (answered by Boreal)
Q1. A researcher claims that the yearly consumption of soft drinks per person is 52... (answered by CPhill)
Assume that a sample is used to estimate a population mean .
A botanist wishes to... (answered by ikleyn)