Math Problem Statement

What is the critical value for the following scenario?

Hilda is a quality assurance manager. The product (bag of chips) is advertised as 500 gr of chips in each bag. She has taken a sample of 49 bags of chips and has calculated the average as 512.5 gr. The sample's standard deviation is 3.45 gr. She needs to construct the 95% confidence interval.

enter the positive value only

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Confidence Intervals
Z-Distribution

Formulas

Z = (X̄ - μ) / (σ / √n)

Theorems

Central Limit Theorem
Z-distribution for large samples

Suitable Grade Level

College Statistics