In: Statistics and Probability
How much does a sleeping bag cost? Let's say you want a sleeping bag that should keep you warm in temperatures from 20°F to 45°F. A random sample of prices ($) for sleeping bags in this temperature range is given below. Assume that the population of x values has an approximately normal distribution.
105 75 85 80 65 50 30 23 100 110
105 95 105 60 110 120 95 90 60 70
(a) Use a calculator with mean and sample standard deviation keys
to find the sample mean price x and sample standard deviation s.
(Round your answers to two decimal places.)
x = $
s = $
(b) Using the given data as representative of the population of
prices of all summer sleeping bags, find a 90% confidence interval
for the mean price μ of all summer sleeping bags. (Round your
answers to two decimal places.)
lower limit $
upper limit $