Respuesta :
Answer:
A) = ( 19.2501, 29.4999 )
B) 90% confidence interval would be narrower than 99% confidence interval
C) ( mean - margin of error , mean + margin of error )
Step-by-step explanation:
customer base > 10000
sample = 24 clients
period ( time ) = 4 months
A) Determine 99% confidence interval for population mean
mean = 24.3750
std = 8.9434
sample size = 24
initial margin of error = 1 - 0.99 = 0.01
99% confidence interval for population mean = ( 19.2501, 29.4999 )
B) 90% confidence interval would be narrower than 99% confidence interval
c) The 99% confidence interval when sample size = 400
we cannot determine the mean value for 400 customers because the values given are for just 24 customers
( mean - margin of error , mean + margin of error )
attached below is the detailed solution
