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Please show all work I have 4 more problems like this and really need to understand how to do them. Thank you!
Need help! Please show all work I have 4 more problems like this and really need to understand how to do them. Thank you!
a random sample of 50 passengers between the two bus stations travailing by ABC bus company
yielded a mean fare of $165. The population standard deviation of the fare is known to be $50.
a) Develop a 94% confidence interval estimate on the fare between the two bus stations for ABC.
b) Develop a 98% confidence interval estimate on the fare between the two bus stations for ABC.
c) Based on the confidence interval from part (b), does it appear that the mean fare between the two
bus stations by ABC is different than $145? State the Hypothesis. Conduct the hypothesis test
using the confidence Interval from part (b). What is your conclusion?
a random sample of 50 passengers between the two bus stations travailing by ABC buscompanyyielded a mean fare of $165. The population standard deviation of the fare is known to be $50.a) Develop...