A Random Sample of Size 30 from a Normal Population $\bar { x }$

question 146

Essay

A random sample of size 30 from a normal population yields
$\bar { x }$
= 32.8 and s = 4.51.Construct a 95 percent confidence interval for $\mu$
.

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Definitions:

Repaid

The process of paying back money previously borrowed from a lender.

Payments

The act of transferring money or goods in exchange for a product or service, or the fulfillment of an obligation.

Compound-Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.

Guaranteed Interest Rates

Interest rates promised to remain constant over a defined period, often associated with savings instruments like fixed deposits.