SOLUTION: Q.1) If we wish to have a 90% confidence interval, what would be the value of α/2? Show how you arrived at this answer. Q.2) In your own words, describe the relation

Algebra ->  Probability-and-statistics -> SOLUTION: Q.1) If we wish to have a 90% confidence interval, what would be the value of α/2? Show how you arrived at this answer. Q.2) In your own words, describe the relation      Log On


   

Question 889014: Q.1) If we wish to have a 90% confidence interval, what would be the value of α/2? Show how you arrived at this answer.


Q.2) In your own words, describe the relationship between the following:
Sample mean and point estimate
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A small business bought 10 computers costing $1,200 each, 5 costing $2,000 each, and 4 costing $3,500 each. what is the median price, in dollars, of the computers?

Would i list them out or do you add all the total and divide by the number of computers, which is 19?
--------
Answered