Question

In: Statistics and Probability

Use Excel to obtain a 95% confidence level for the mean satisfaction rating of the new...

Use Excel to obtain a 95% confidence level for the mean satisfaction rating of the new sandwich

Satisfaction
7
5
5
6
8
7
6
7
10
7
9
5
5
8
8
6
7
8
7
5
5
5
5
5
2
5
8
7
6
6
4
6
6
5
6
7
8
9
5
4

Solutions

Expert Solution

Values ( X ) Σ ( Xi- X̅ )2
7 0.5625
5 1.5625
5 1.5625
6 0.0625
8 3.0625
7 0.5625
6 0.0625
7 0.5625
10 14.0625
7 0.5625
9 7.5625
5 1.5625
5.0 1.5625
8 3.0625
8 3.0625
6 0.0625
7 0.5625
8 3.0625
7 0.5625
5 1.5625
5 1.5625
5 1.5625
5 1.5625
5 1.5625
2 18.0625
5 1.5625
8 3.0625
7 0.5625
6 0.0625
6 0.0625
4 5.0625
6 0.0625
6 0.0625
5 1.5625
6 0.0625
7 0.5625
8 3.0625
9 7.5625
5 1.5625
4 5.0625
Total 250 99.5

Mean X̅ = Σ Xi / n
X̅ = 250 / 40 = 6.25


Sample Standard deviation SX = √ ( (Xi - X̅ )2 / n - 1 )
SX = √ ( 99.5 / 40 -1 ) = 1.5973

CONFIDENCE.T(0.05,STDEV.S(F3:F42),COUNT(F3:F42)) = 0.5108

CONFIDENCE.T(alpha,standard_dev,size)

alpha = 0.05

standard_dev = STDEV.S(F3:F42) = 1.5973

size = COUNT(F3:F42) = 40

X̅ = AVERAGE(F3:F42) = 6.25

Where, Range(F3:F42) is the range of data values in excel

Confidence interval X̅ ± CI = 6.25 ± 1.5973

95% Confidence interval is ( 5.7391 , 6.7609 )


Related Solutions

Suppose I estimate μ, the mean of a population. I obtain estimate 6.5 and 95% confidence...
Suppose I estimate μ, the mean of a population. I obtain estimate 6.5 and 95% confidence interval (4.5, 8.5). A) Can I reject H0 : μ = 8 using at two-sided test at the 1% significance level? a) Yes. b) No. c) Not enough information to decide. B) Can I reject H0 : μ = 8 using at two-sided test at the 10% significance level? a) Yes. b) No. c) Not enough information to decide. C) Can I reject H0...
At a confidence level of 95% a confidence interval for a population proportion is determined to...
At a confidence level of 95% a confidence interval for a population proportion is determined to be 0.65 to 0.75. If the sample size had been larger and the estimate of the population proportion the same, this 95% confidence interval estimate as compared to the first interval estimate would be A. the same B. narrower C. wider
At a confidence level of 95% a confidence interval for a population proportion is determined to...
At a confidence level of 95% a confidence interval for a population proportion is determined to be 0.65 to 0.75. If the sample size had been larger and the estimate of the population proportion the same, this 95% confidence interval estimate as compared to the first interval estimate would be
Use the 95% level of confidence. - Given the following sample information, test the hypothesis that...
Use the 95% level of confidence. - Given the following sample information, test the hypothesis that the treatment means are equal at the 0.05 significance level. Treatment 1 - 8, 11 and 10. Treatment 2 - 3, 2, 1, 3, and 2. Treatment 3 - 3, 4, 5 and 4. a) What is the decision rule? (Round your answer to 2 decimal places.) - Reject Ho if F > b) Compute SST, SSE, and SS total. (Round your answers to...
95% Confidence Interval: 86.19 ± 0.364 (85.8 to 86.6) "With 95% confidence the population mean is...
95% Confidence Interval: 86.19 ± 0.364 (85.8 to 86.6) "With 95% confidence the population mean is between 85.8 and 86.6, based on 33945 samples." Short Styles: 86.19 (95% CI 85.8 to 86.6) 86.19, 95% CI [85.8, 86.6] Margin of Error: 0.364 What is the impact of your margin of error on your findings? Explain. Is there enough evidence to reject the null hypotheses, explain in plain English?
A 95% confidence interval contains 5. If the confidence level is increased to 99%, will the...
A 95% confidence interval contains 5. If the confidence level is increased to 99%, will the new interval contain 5? Yes No Unable to determine
A confidence interval, at the 95% confidence level, will be used to answer the question, "What...
A confidence interval, at the 95% confidence level, will be used to answer the question, "What is the mean annual salary (in US dollars) of a Tesla car owner?"  Data was collected from 36 Tesla owners across the US. The mean annual salary of those 36 Tesla owners was $254000.  The standard deviation of ALL Tesla owners is known to be $1057. a)  The value at the center of the confidence interval represents what quantity?  Choose an option from the list and type its...
Descriptives Current stress level N Mean Std. Deviation Std. Error 95% Confidence Interval for Mean Minimum...
Descriptives Current stress level N Mean Std. Deviation Std. Error 95% Confidence Interval for Mean Minimum Maximum Lower Bound Upper Bound Psychologist 5 1.0000 1.73205 .77460 -1.1506 3.1506 .00 4.00 Doctor 5 5.0000 2.23607 1.00000 2.2236 7.7764 2.00 8.00 Lawyer 5 6.0000 1.87083 .83666 3.6771 8.3229 4.00 9.00 Total 15 4.0000 2.87849 .74322 2.4059 5.5941 .00 9.00 Test of Homogeneity of Variances Current stress level Levene Statistic df1 df2 Sig. .170 2 12 .845 ANOVA Current stress level Sum of...
What does a 95% confidence interval mean?
What does a 95% confidence interval mean?
Construct a confidence Interval for p1- p2, at a 95% level of confidence, if x1= 366,...
Construct a confidence Interval for p1- p2, at a 95% level of confidence, if x1= 366, n1=535, x2=435, n2=593
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT