Don’t use the numbers in this example post in your post. Please make sure all posts are unique and use different numbers.
It is important to go back and read follow up responses from your instructor.
Assuming .05 as your alpha value, make up a problem similar to this one. Make up 36 gas prices for your example. Use price values in your list that some you made up and be sure they are similar to the prices you have had in your area. List the values in your post.
Instructions for your response. You will respond to at least 2 classmates.
In your response, copy the original problem, describe what you did and give the mean, standard deviation and confidence interval. Then attach the excel spreadsheet below so students and the professor can check your work.
Formula you used above for the confidence interval:
The formula is E= zsubc * sigma / sqrt n
Where the left hand endpoint is xbar – E and the right hand endpoint is xbar + E
Just a review of your instructions: