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A New Species of Sea Crab Has Been Discovered, and a Study

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Essay

A new species of sea crab has been discovered, and a study was conducted to determine whether or not the animal can regulate its temperature. If the animal can maintain a body temperature different from the surroundings, this would be considered evidence of regulating capability. Ten of these sea crabs were exposed to ambient temperatures of 24 degrees Celsius and their body temperatures were measured. The sample mean was 24.69424.694 degrees, and the standard deviation 0.2770.277 degrees.

For purposes of this example, assume that it is reasonable to regard these 10 crabs as a random sample from the population of all crabs of this species. A plot of the data indicated that the assumption of approximately normal body temperatures was credible.
a) Construct and interpret a 99%99 \% confidence interval for the mean body temperature, μ\mu .



b) Based on your answer to part (a), does it appear that the crabs are able to regulate their body temperature? Provide statistical justification for your response.


Definitions:

Accrued Liability

An expense that a business has incurred but has not yet paid, which is recognized in the financial statements for the period it relates to.

Loss

The result when a company's expenses exceed its revenues during a specific period, leading to a negative net income.

Operating Cycle

The average time period between the acquisition of materials for production and the receipt of cash from sales of the finished goods, critical for managing cash flow.

Current Liabilities

Financial obligations that a company is expected to pay within one year.

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