(Step-by-Step) The American Sugar Producers Association wants to estimate the mean yearly sugar consumption. A sample of 16 people reveals the mean yearly
Question: The American Sugar Producers Association wants to estimate the mean yearly sugar consumption. A sample of 16 people reveals the mean yearly consumption to be 60 pounds with a standard deviation of 20 pounds.
- What is the value of the population mean? What is the best estimate of this value?
- Explain why we need to use the t distribution. What assumption do you need to make?
- For a 90 percent confidence interval, what is the value of t ?
- Develop the 90 percent confidence interval for the population mean.
- Would it be reasonable to conclude that the population mean is 63 pounds?
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