You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. From a random sample of 39 business days, the mean closing price of a certain stock was $110.03. Assume the population standard deviation is $10.16. The 90% confidence interval is (.). (Round to two decimal places as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 12PPS
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You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the
population mean. Interpret the results and compare the widths of the confidence intervals.
From a random sample of 39 business days, the mean closing price of a certain stock was $110.03. Assume the population standard deviation is
$10.16.
The 90% confidence interval is
(Round to two decimal places as needed.)
Transcribed Image Text:You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. From a random sample of 39 business days, the mean closing price of a certain stock was $110.03. Assume the population standard deviation is $10.16. The 90% confidence interval is (Round to two decimal places as needed.)
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