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    Estimate of the Median and the Confidence Coefficient

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    Solution Preview

    Please see the analysis in the attached .doc file. An Excel worksheet is also attached.

    Solution.

    (a) We can use the sample median to be a point estimate of the population median . It is not hard to compute the sample median. We can do the following. First, we list all 16 values from the smallest to the largest as below.

    22.4, 22.4, 22.5, 22.6, 22.8, 22.8, 23.0, 23.3, 23.4, 23.4, 23.6, 23.7,23.9,24.0,24.0,24.5

    Then two numbers in the ...

    Solution Summary

    This solution calculates the estimate of the median and the confidence coefficient for the weight of a candy bar.

    $2.19

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