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    need12's Avatar
    need12 Posts: 10, Reputation: 1
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    #1

    Jul 18, 2010, 07:37 AM
    statistics help
    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's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
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    #2

    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/financ...-b-u-font.html
    need12's Avatar
    need12 Posts: 10, Reputation: 1
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    #3

    Jul 18, 2010, 09:01 AM
    Quote Originally Posted by Curlyben View Post
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-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's Avatar
    need12 Posts: 10, Reputation: 1
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    #4

    Jul 18, 2010, 10:22 AM

    Do I need to use two tailed or one tailed ?
    need12's Avatar
    need12 Posts: 10, Reputation: 1
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    #5

    Jul 18, 2010, 10:22 AM
    Quote Originally Posted by Curlyben View Post
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
    Do I need to use two tailed or one tailed
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #6

    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.
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    need12 Posts: 10, Reputation: 1
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    #7

    Jul 18, 2010, 07:05 PM
    Quote Originally Posted by Unknown008 View Post
    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

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