In a random sample of twelve cell phones, the mean full retail price was $595.50 and the standard deviation was $218.00. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 95% confidence interval for the population mean μ. Interpret the results. Identify the margin of error. (Round to one decimal place as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section: Chapter Questions
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In a random sample of twelve cell phones, the mean full retail price was $595.50 and the standard deviation
was $218.00. Assume the population is normally distributed and use the t-distribution to find the margin of error
and construct a 95% confidence interval for the population mean μ. Interpret the results.
Identify the margin of error.
(Round to one decimal place as needed.)
Transcribed Image Text:In a random sample of twelve cell phones, the mean full retail price was $595.50 and the standard deviation was $218.00. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 95% confidence interval for the population mean μ. Interpret the results. Identify the margin of error. (Round to one decimal place as needed.)
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