[Solved] An auditor for C-Bank is looking at the average errors in audited accounts. In a sample of 8 accounts he found errors in the amounts (in $100s):
Question: An auditor for C-Bank is looking at the average errors in audited accounts. In a sample of 8 accounts he found errors in the amounts (in $100s):
3.1, 2.9, 5.4, 6.3, 1.4, .5, 3.6, 4.5
a.) Find the sample mean and standard deviation for these data,
b.) Find the 95% confidence interval for the mean error.
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Deliverable: Word Document 