In: Statistics and Probability
A sample of 16 joint specimens of a particular type gave a sample mean proportional limit stress of 8.44 MPa and a sample standard deviation of 0.73 MPa.
(a) Calculate and interpret a 95% lower confidence bound for the true average proportional limit stress of all such joints. (Round your answer to two decimal places.)
(b) Calculate and interpret a 95% lower prediction bound for proportional limit stress of a single joint of this type. (Round your answer to two decimal places.)