A carnival prankster thinks he can make money by fooling people about his age. He asks a random sample of 50 people to guess his age (which is 62) and he finds that their average guess is 59.4 with a standard deviation of 4.73 At alpha = .01 can he conclude that, on average, people are guessing his age correctly? If not, are they over or underestimating it?
A carnival prankster thinks he can make money by fooling people about his age. He asks a random sample of 50 people to guess his age (which is 62) and he finds that their average guess is 59.4 with a standard deviation of 4.73 At alpha = .01 can he conclude that, on average, people are guessing his age correctly? If not, are they over or underestimating it?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.2: Expected Value And Variance Of Continuous Random Variables
Problem 10E
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A carnival prankster thinks he can make money by fooling people about his age. He asks a random sample of 50 people to guess his age (which is 62) and he finds that their average guess is 59.4 with a standard deviation of 4.73 At alpha = .01 can he conclude that, on average, people are guessing his age correctly? If not, are they over or underestimating it?
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