A university is conducting research on the monthly utility
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A university is conducting research on the monthly utility

Problem#25. Confidence Interval for a Population Mean

A university is conducting research on the monthly utility (phone, internet, electricity, gas, …) expenses incurred by its students who live off campus. Data was collected from 180 students. See the accompanying data.

a) Use the data to construct a 90% confidence interval for the population mean monthly utility expense of students who live off campus.

b) Interpret the confidence interval obtained in part a.

Data #25

Hint
Accounts & FinanceThe monthly utility is inclusive of water, electricity, sewerage services, garbage disposal, and recycling. These are the actual costs incurred in a household or in an organization. It is usually paid monthly and in cases where the previous month was not charged, it is charged in the current....

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