could someone explain how to solve the problem?...
A set of data the size N=100 is normally distributed with a mean of 50 and a standard deviation of 5. Determine the interval about the sample mean that has a 1% level of confidence.
Find the standard error of the mean for if the standard deviation equals 8 and N=100.
Thanks in advance for any help offered.
A set of data the size N=100 is normally distributed with a mean of 50 and a standard deviation of 5. Determine the interval about the sample mean that has a 1% level of confidence.
Find the standard error of the mean for if the standard deviation equals 8 and N=100.
Thanks in advance for any help offered.