Math Problem Statement

Refer to the accompanying data display that results from a simple random sample of times​ (minutes) between eruptions of the Old Faithful geyser. The confidence level of​ 95% was used. Complete parts​ (a) and​ (b) below. TInterval ​(85.74,91.76) x overbarequals88.75 Sxequals8.897431411 nequals36 Question content area bottom Part 1 a. Express the confidence interval in the format that uses the​ "less than" symbol. Round the confidence interval limits given that the original times are all rounded to one decimal place.

85.74 minless thanmuless than

91.76 min ​(Round to two decimal places as​ needed.) Part 2 b. Identify the best point estimate of mu and the margin of error. The point estimate of mu is

88.75 minutes. ​(Round to two decimal places as​ needed.) Part 3 The margin of error is Eequals

enter your response here minutes. ​(Round to two decimal places as​ needed.)

Solution

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Math Problem Analysis

Mathematical Concepts

Confidence Interval
Point Estimate
Margin of Error

Formulas

Margin of Error formula: E = Upper limit - Point estimate

Theorems

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Suitable Grade Level

Undergraduate