What is the best estimate of value

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The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 16 people reveals the mean yearly consumption to be 45 gallons with a standard deviation of 20 gallons. Assume the population distribution is normal. (Use t Distribution Table.)

a-1. What is the value of the population mean?

multiple choice 1

-20
-48
-Unknown

a-2. What is the best estimate of this value?

c.For a 90% confidence interval, what is the value oft?(Round your answer to 3 decimal places.)

d.What is the margin of error?(Round your answer to 3 decimal places.)

e.Develop the 90% confidence interval for the population mean.(Round your answers to 3 decimal places.)

f.Would it be reasonable to conclude that the population mean is 48 gallons?

Yes

Reference no: EM132974702

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