(Solution Library) Suppose forty-five communities gave an average of X̄ = 122.5 reported cases of larceny per year. Assume that sigma is known to be 36.5 cases
Question: Suppose forty-five communities gave an average of \(\bar{X}\) = 122.5 reported cases of larceny per year. Assume that sigma is known to be 36.5 cases per year. Find a 95% confidence interval for the population mean annual number of reported larceny cases in such communities.
- Calculate the margin of error (you may use excel or your calculator)
- Now, calculate confidence interval
- Write an interpretive sentence for the interval found above
- Find the sample size necessary for a 95% confidence level with a maximum error of estimate E = 7 larcenies.
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