In: Statistics and Probability
1- Six measurements were made of the mineral content of spinach with the following results. It is reasonable to assume the population is approximately normal. 19.1, 20.1, 20.8, 21.9, 20.5, 19.2 Find the lower bound of the 95% confidence interval for the true mineral content. Round to 3 decimal places.
2- Following are interest rates. It is reasonable to assume the population is approximately normal. 4.327, 4.461, 4.547, 4.778, 4.365, 4.528, 4.842 Find the upper bound of the 99% confidence interval for the mean rate. Round to 3 decimal places.