The point estimate is the mean (60.62)
The 95% CI is mean +/- z* * standard deviation/square root(sample size)
= 60.62 +/- 1.96* 18.4 / sqrt(50)
Rita L.
asked 05/28/22Based on a sample of 50 textbooks at the store, you find an average of 60.62 and a standard deviation of 18.4.
The point estimate is: (to 3 decimals)
The 95 % confidence interval (use z*) is: to (to 3 decimals)
The point estimate is the mean (60.62)
The 95% CI is mean +/- z* * standard deviation/square root(sample size)
= 60.62 +/- 1.96* 18.4 / sqrt(50)
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