Explore BrainMass

Explore BrainMass

    Build the 80% confidence interval for a mean using t distribution

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    We are evaluating the sheet metal scrap rate in a contractor proposal. Based on a sample of 28 parts you calculate a mean rate of 6.50% (treat as 6.50) and a standard deviation of 1.20. Calculate a 80% confidence interval to be used to support negotiations. (Carry intermediate calculations to three decimal places.)

    6.18 ≤ μ ≤ 6.82

    6.20 ≤ μ ≤ 6.80

    6.08 ≤ μ ≤ 6.92

    6.43 ≤ μ ≤ 6.57

    © BrainMass Inc. brainmass.com June 4, 2020, 5:10 am ad1c9bdddf

    Solution Preview

    We are given the following values: n=28, significance level=80%, mean=6.5 and ...

    Solution Summary

    The solution gives detailed steps on building the 80% confidence interval for a mean using t distribution.