A car insurance company is seeking information about the age of its customers. From a sample of 121 randomly selected customers the mean is 48.0 years and a standard deviation is 11.2 years. Find the lower confidence limit (LCL) of the 98% confidence interval for the population mean age. Round your answer to one decimal place.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question
QUESTION 12
A car insurance company is seeking information about the age of its customers. From a sample of 121 randomly selected
customers the mean is 48.0 years and a standard deviation is 11.2 years. Find the lower confidence limit (LCL) of the
98% confidence interval for the population mean age. Round your answer to one decimal place.
Transcribed Image Text:QUESTION 12 A car insurance company is seeking information about the age of its customers. From a sample of 121 randomly selected customers the mean is 48.0 years and a standard deviation is 11.2 years. Find the lower confidence limit (LCL) of the 98% confidence interval for the population mean age. Round your answer to one decimal place.
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt