Math Problem Statement
[10 marks] To determine the average age of its customers, a large manufacturer of men’s clothing took a random sample of 50 customers and found 𝑥̅ = 36. Assume that the customer’s ages are independent normal random variables with unknown mean 𝜇 and population standard deviation 12. Find a 95% confidence interval for the mean age 𝜇 of a customer. What happens if the customer’s ages are not normal variables?
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Normal Distribution
Formulas
Standard Error of the Mean (SE)
Margin of Error (ME)
Central Limit Theorem (CLT)
Theorems
Central Limit Theorem (CLT)
Suitable Grade Level
Advanced Undergraduate
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