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need12
Jul 18, 2010, 07:37 AM
1. A random sample of size 49 is taken from a large population, measuring the time it takes to complete a driver’s license examination. The sample mean was found to be 47 minutes, and the sample standard deviation 5.89 minutes. Construct a 95% confidence interval around the sample mean. Be sure to show whether you use the t- or z- value, and what value you use. Even though you are normally “allowed” to use an approximate value of “t” or “z” for this percent confidence, I want you to use the exact value appropriate for these circumstances. Interpret the confidence interval in a single sentence. In another sentence, state why you used either the “t” or the “z”.

please explain me clearly

Curlyben
Jul 18, 2010, 08:33 AM
Thank you for taking the time to copy your homework to AMHD.
Please refer to this announcement: https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

need12
Jul 18, 2010, 09:01 AM
Thank you for taking the time to copy your homework to AMHD.
Please refer to this announcement: https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

I found z value and I am in confusion which table to use either z or t table
and how to explain it clearly.
z lies btwn -1.96 and +1.96

need12
Jul 18, 2010, 10:22 AM
Do I need to use two tailed or one tailed ?

need12
Jul 18, 2010, 10:22 AM
Thank you for taking the time to copy your homework to AMHD.
Please refer to this announcement: https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

Do I need to use two tailed or one tailed

Unknown008
Jul 18, 2010, 11:11 AM
Please, be patient. I know about the normal table for the Z distribution, but I know nothing about the t distribution. There is a member here that may help you about that, but you'll have to wait for this member to come online and go through your question.

Thanks.

need12
Jul 18, 2010, 07:05 PM
Please, be patient. I know about the normal table for the Z distribution, but I know nothing about the t distribution. There is a member here that may help you about that, but you'll have to wait for this member to come online and go through your question.

Thanks.

Please help me in my doubts