An automotive engineer wants to estimate the cost of repairing a car that experiences a 25 MPH head-on collision. He crashes 24 cars, and the average repair is $11,000. The standard deviation of the 24-car sample is $2,500.

Provide a 98% confidence interval for the true mean cost of repair.

An automotive engineer wants to estimate the cost of repairing a car that experiences a 25 MPH head-on collision. He crashes 24 cars, and the average repair is $11,000. The standard deviation of the 24-car sample is $2,500.

Provide a 98% confidence interval for the true mean cost of repair.

An automotive engineer wants to estimate the cost of repairing a car that experiences a 25 MPH head-on collision. He crashes 24 cars, and the average repair is $11,000. The standard deviation of the 24-car sample is $2,500.

Provide a 98% confidence interval for the true mean cost of repair.

An automotive engineer wants to estimate the cost of repairing a car that experiences a 25 MPH head-on collision. He crashes 24 cars, and the average repair is $11,000. The standard deviation of the 24-car sample is $2,500.

Provide a 98% confidence interval for the true mean cost of repair.

The population standard deviation is 7. Our sample size is 36.

What is the 95% margin of error for:

1. the population mean

2. the sample mean

The population standard deviation is 7. Our sample size is 36.

What is the 95% margin of error for:

1. the population mean

2. the sample mean