
Hannah H. answered 06/18/20
Previous University Finance Tutor
Sample mean = ∑xi ⁄ n = xbar = 16.27
Sample Standard Deviation = (∑xi - xbar)2 ⁄ (n-1) = 5.319993734
90% Confidence Interval : 100% - 90% = 10%
Alpha/2 = .10 ⁄ 2 =.05
Unknown Population Variance (uses Tstat)
T-table: α = .05
DF (n-1) = 9
Tvalue: 1.833
Confidence Interval = xbar ± tα/2,n-1 (s ⁄ √n)
= 16.27 ± 1.833 (5.319993734 ⁄ √10)
(16.27 - 3.083710402, 16.27 + 3.083710402)
Confidence Interval (13.1863,19.3537)