Confidence Interval Lower Limit Confidence Interval Upper Limit

whole # Dec min round
Confidence Interval Lower Limit 7.22 7 0.22 13.18665 13

Confidence Interval Upper Limit 8.78 8 0.78 46.81335 47
The Solid Construction Company constructs decks for residential homes. They send out two person
teams to build decks. The company conducts a sample of 40 jobs and calculates a mean completion rate
of 8 hours to build a typical deck. The standard deviation for the population is known to be equal to 3
hours (from past data).
Mean 8.00 Hours to build a typical deck
n 40 Sample size
sigma 3 Pop standard deviation
Standard Error (Standard Deviation of Distribution
standard Error (hours) of Xbar)
Confidence Level =
or
Confidence Coefficient = 0.9 How sure you are that pop mean is in Interval
Alpha =
Significance Level =
or
Level of Significance = Risk you take that pop mean in not in interval
Alpha/2 risk in lower and upper tail
Calculate Margin of Error Method 1
z lower
z upper
Margin of Error +/-
Confidence Interval Lower Limit
Confidence Interval Upper Limit
CONFIDENCE function calculates the Margin of

error. It has three arguments: 1) alpha = alpha, 2)
Margin of Error +/- standard deviation = sigma, 3) size = sample size.
Confidence Interval Lower Limit
Confidence Interval Upper Limit
Conclude:
Confidence Interval
Xbar Alpha = Risk Pop Mean Not In Interval
Hours to build a typical deck = 8
Confidence Level = 90.00%8 Err:502
Alpha = Significance Level (Risk) =0.00%
8.01 Err:502
Sample Size = 40
Standard Error = 0.000 8.02 Err:502
Margin of Error = 0.0008.03 Err:502
8.04 Err:502
1 8.05 Err:502
0.9 8.06 Err:502
0.8 8.07 Err:502
0.7 8.08 Err:502
0.6 8.09 Err:502
0.5 8.1 Err:502
0.4
0.3
0.2
0.1
0.8
0.7
0.6
0.5
0.4 8.11 Err:502
0.3 8.12 Err:502
0.2 8.13 Err:502
0.1 8.14 Err:502
0 8.15 Err:502
8.5
8.7
10.0
10.3
10.5
10.9
11.1
11.4
11.5
11.7
11.8
12.0
12.1
12.2
8.0
8.1
8.2
8.4
8.6
8.8
9.0
9.1
9.2
9.3
9.4
9.6
9.7
9.8
9.9
10.2
10.4
10.6
10.8
11.0
11.2
11.6
8.16 Err:502
Xbar
8.17 Err:502
8.18
Confidence Interval = 90.00% = P(0.00<=x<=0.00) Err:502
Alpha = Risk Pop Mean Not8.19
In Interval Err:502
8.2 Err:502
8.21 Err:502
8.22 Err:502
8.23 Err:502
8.24 Err:502
8.25 Err:502
8.26 Err:502
8.27 Err:502
8.28 Err:502
8.29 Err:502
8.3 Err:502
8.31 Err:502
8.32 Err:502
8.33 Err:502
8.34 Err:502
8.35 Err:502
8.36 Err:502
8.37 Err:502
8.38 Err:502
8.39 Err:502
8.4 Err:502
8.41 Err:502
8.42 Err:502
8.43 Err:502
8.44 Err:502
8.45 Err:502
8.46 Err:502
8.47 Err:502
8.48 Err:502
8.49 Err:502
8.5 Err:502
8.51 Err:502
8.52 Err:502
8.53 Err:502
8.54 Err:502
8.55 Err:502
8.56 Err:502
8.57 Err:502
8.58 Err:502
8.59 Err:502
8.6 Err:502
8.61 Err:502
8.62 Err:502
8.63 Err:502
8.64 Err:502
8.65 Err:502
8.66 Err:502
8.67 Err:502
8.68 Err:502
8.69 Err:502
8.7 Err:502
8.71 Err:502
8.72 Err:502
8.73 Err:502
8.74 Err:502
8.75 Err:502
8.76 Err:502
8.77 Err:502
8.78 Err:502
8.79 Err:502
8.8 Err:502
8.81 Err:502
8.82 Err:502
8.83 Err:502
8.84 Err:502
8.85 Err:502
8.86 Err:502
8.87 Err:502
8.88 Err:502
8.89 Err:502
8.9 Err:502
8.91 Err:502
8.92 Err:502
8.93 Err:502
8.94 Err:502
8.95 Err:502
8.96 Err:502
8.97 Err:502
8.98 Err:502
8.99 Err:502
9 Err:502
9.01 Err:502
9.02 Err:502
9.03 Err:502
9.04 Err:502
9.05 Err:502
9.06 Err:502
9.07 Err:502
9.08 Err:502
9.09 Err:502
9.1 Err:502
9.11 Err:502
9.12 Err:502
9.13 Err:502
9.14 Err:502
9.15 Err:502
9.16 Err:502
9.17 Err:502
9.18 Err:502
9.19 Err:502
9.2 Err:502
9.21 Err:502
9.22 Err:502
9.23 Err:502
9.24 Err:502
9.25 Err:502
9.26 Err:502
9.27 Err:502
9.28 Err:502
9.29 Err:502
9.3 Err:502
9.31 Err:502
9.32 Err:502
9.33 Err:502
9.34 Err:502
9.35 Err:502
9.36 Err:502
9.37 Err:502
9.38 Err:502
9.39 Err:502
9.4 Err:502
9.41 Err:502
9.42 Err:502
9.43 Err:502
9.44 Err:502
9.45 Err:502
9.46 Err:502
9.47 Err:502
9.48 Err:502
9.49 Err:502
9.5 Err:502
9.51 Err:502
9.52 Err:502
9.53 Err:502
9.54 Err:502
9.55 Err:502
9.56 Err:502
9.57 Err:502
9.58 Err:502
9.59 Err:502
9.6 Err:502
9.61 Err:502
9.62 Err:502
9.63 Err:502
9.64 Err:502
9.65 Err:502
9.66 Err:502
9.67 Err:502
9.68 Err:502
9.69 Err:502
9.7 Err:502
9.71 Err:502
9.72 Err:502
9.73 Err:502
9.74 Err:502
9.75 Err:502
9.76 Err:502
9.77 Err:502
9.78 Err:502
9.79 Err:502
9.8 Err:502
9.81 Err:502
9.82 Err:502
9.83 Err:502
9.84 Err:502
9.85 Err:502
9.86 Err:502
9.87 Err:502
9.88 Err:502
9.89 Err:502
9.9 Err:502
9.91 Err:502
9.92 Err:502
9.93 Err:502
9.94 Err:502
9.95 Err:502
9.96 Err:502
9.97 Err:502
9.98 Err:502
9.99 Err:502
10 Err:502
10.01 Err:502
10.02 Err:502
10.03 Err:502
10.04 Err:502
10.05 Err:502
10.06 Err:502
10.07 Err:502
10.08 Err:502
10.09 Err:502
10.1 Err:502
10.11 Err:502
10.12 Err:502
10.13 Err:502
10.14 Err:502
10.15 Err:502
10.16 Err:502
10.17 Err:502
10.18 Err:502
10.19 Err:502
10.2 Err:502
10.21 Err:502
10.22 Err:502
10.23 Err:502
10.24 Err:502
10.25 Err:502
10.26 Err:502
10.27 Err:502
10.28 Err:502
10.29 Err:502
10.3 Err:502
10.31 Err:502
10.32 Err:502
10.33 Err:502
10.34 Err:502
10.35 Err:502
10.36 Err:502
10.37 Err:502
10.38 Err:502
10.39 Err:502
10.4 Err:502
10.41 Err:502
10.42 Err:502
10.43 Err:502
10.44 Err:502
10.45 Err:502
10.46 Err:502
10.47 Err:502
10.48 Err:502
10.49 Err:502
10.5 Err:502
10.51 Err:502
10.52 Err:502
10.53 Err:502
10.54 Err:502
10.55 Err:502
10.56 Err:502
10.57 Err:502
10.58 Err:502
10.59 Err:502
10.6 Err:502
10.61 Err:502
10.62 Err:502
10.63 Err:502
10.64 Err:502
10.65 Err:502
10.66 Err:502
10.67 Err:502
10.68 Err:502
10.69 Err:502
10.7 Err:502
10.71 Err:502
10.72 Err:502
10.73 Err:502
10.74 Err:502
10.75 Err:502
10.76 Err:502
10.77 Err:502
10.78 Err:502
10.79 Err:502
10.8 Err:502
10.81 Err:502
10.82 Err:502
10.83 Err:502
10.84 Err:502
10.85 Err:502
10.86 Err:502
10.87 Err:502
10.88 Err:502
10.89 Err:502
10.9 Err:502
10.91 Err:502
10.92 Err:502
10.93 Err:502
10.94 Err:502
10.95 Err:502
10.96 Err:502
10.97 Err:502
10.98 Err:502
10.99 Err:502
11 Err:502
11.01 Err:502
11.02 Err:502
11.03 Err:502
11.04 Err:502
11.05 Err:502
11.06 Err:502
11.07 Err:502
11.08 Err:502
11.09 Err:502
11.1 Err:502
11.11 Err:502
11.12 Err:502
11.13 Err:502
11.14 Err:502
11.15 Err:502
11.16 Err:502
11.17 Err:502
11.18 Err:502
11.19 Err:502
11.2 Err:502
11.21 Err:502
11.22 Err:502
11.23 Err:502
11.24 Err:502
11.25 Err:502
11.26 Err:502
11.27 Err:502
11.28 Err:502
11.29 Err:502
11.3 Err:502
11.31 Err:502
11.32 Err:502
11.33 Err:502
11.34 Err:502
11.35 Err:502
11.36 Err:502
11.37 Err:502
11.38 Err:502
11.39 Err:502
11.4 Err:502
11.41 Err:502
11.42 Err:502
11.43 Err:502
11.44 Err:502
11.45 Err:502
11.46 Err:502
11.47 Err:502
11.48 Err:502
11.49 Err:502
11.5 Err:502
11.51 Err:502
11.52 Err:502
11.53 Err:502
11.54 Err:502
11.55 Err:502
11.56 Err:502
11.57 Err:502
11.58 Err:502
11.59 Err:502
11.6 Err:502
11.61 Err:502
11.62 Err:502
11.63 Err:502
11.64 Err:502
11.65 Err:502
11.66 Err:502
11.67 Err:502
11.68 Err:502
11.69 Err:502
11.7 Err:502
11.71 Err:502
11.72 Err:502
11.73 Err:502
11.74 Err:502
11.75 Err:502
11.76 Err:502
11.77 Err:502
11.78 Err:502
11.79 Err:502
11.8 Err:502
11.81 Err:502
11.82 Err:502
11.83 Err:502
11.84 Err:502
11.85 Err:502
11.86 Err:502
11.87 Err:502
11.88 Err:502
11.89 Err:502
11.9 Err:502
11.91 Err:502
11.92 Err:502
11.93 Err:502
11.94 Err:502
11.95 Err:502
11.96 Err:502
11.97 Err:502
11.98 Err:502
11.99 Err:502
12 Err:502
12.01 Err:502
12.02 Err:502
12.03 Err:502
12.04 Err:502
12.05 Err:502
12.06 Err:502
12.07 Err:502
12.08 Err:502
12.09 Err:502
12.1 Err:502
12.11 Err:502
12.12 Err:502
12.13 Err:502
12.14 Err:502
12.15 Err:502
12.16 Err:502
12.17 Err:502
12.18 Err:502
12.19 Err:502
12.2 Err:502
Standard Error = 0.000
8 Margin of Error = 0.000
40
3
=B4/SQRT(B3)
0.9
=1-B6
=B7/2
=NORMSINV(B8)
=NORMSINV(1-B8) #ADDIN?
=B11*B5
=B2-B12
=B2+B12
=CONFIDENCE(B7,B4,B3)
=B2-B16
=B2+B16
Confidence Interval = 90.00% = P(0.00<=x<=0.00)

The Solid Construction Company constructs decks for residential homes. They send out two person
teams to build decks. The company conducts a sample of 40 jobs and calculates a mean completion rate
of 8 hours to build a typical deck. The standard deviation for the population is known to be equal to 3
hours (from past data).
Mean 8.00 Hours to build a typical deck
n 40 Sample size
sigma 3 Pop standard deviation
Standard Error (Standard Deviation of Distribution
standard Error (hours) 0.474341649 of Xbar)
Confidence Level =
or
Confidence Coefficient = 0.9 How sure you are that pop mean is in Interval
Alpha =
or
Level of Significance = 0.1 Risk you take that pop mean in not in interval
Alpha/2 0.05 risk in lower and upper tail
z lower -1.64485363
z upper 1.644853627
Margin of Error +/- 0.780222582
Confidence Interval Lower Limit 7.21978 7 hours and 13 minutes
Confidence Interval Upper Limit 8.78022 8 hours and 47 minutes
CONFIDENCE function calculates the Margin of

error. It has three arguments: 1) alpha = alpha, 2)
Margin of Error +/- 0.780222582 standard deviation = sigma, 3) size = sample size.
Confidence Interval Lower Limit 7.21978
Confidence Interval Upper Limit 8.78022
Conclude:
The limits for the 90.00% Confidence Interval are 7.22 and 8.78. It is reasonable to assume that the
population mean for 'Hours to build a typical deck' is within our interval (given a 10.00% risk). We are
90.00% sure that the population mean is between these limits. However, we do take a 10.00% risk that
the Population means is not within our interval. If our population distribution is normally distributed or
our n is large enough, if we were to construct 100 similar intervals, we would expect to find our
population mean in 90 of them, and 10 would not contain the population mean.
Confidence Interval
Xbar Alpha = Risk Pop Mean Not In Interval
Hours to build a typical deck = 8
6.102633404
Confidence Level = 90.00% 0.000282138888794
6.112633404 0.000306894685634
Sample Size = 40
Standard Error6.122633404
= 0.474 0.000333674305103
Margin of Error = 0.780
6.132633404 0.000362629508733
6.142633404 0.000393922238134
0.9
0.8
0.7
0.6
Sample Size = 40
0.9 6.152633404 0.000427725198139

0.8 6.162633404 0.000464222465472
0.7 6.172633404 0.000503610123463
0.6
6.182633404 0.000546096923247
6.192633404 0.000591904971917
0.5
6.202633404 0.000641270447963
0.4
6.212633404 0.000694444344339
0.3
6.222633404 0.000751693239405
0.2
6.232633404 0.000813300095925
0.1 6.242633404 0.000879565088233
0 6.252633404 0.000950806457599
6.6
6.8
8.1
8.4
9.9
10.1
10.2
10.3
6.1
6.2
6.3
6.5
6.7
6.9
7.1
7.2
7.3
7.4
7.5
7.7
7.8
7.9
8.0
8.3
8.5
8.6
8.7
8.9
9.0
9.1
9.2
9.3
9.5
9.6
9.7
9.8
6.262633404 0.001027361395723
Xbar
6.272633404 0.001109586956213
6.282633404
Confidence Interval = 90.00% = P(7.22<=x<=8.78) 0.001197860993767
6.292633404
Alpha = Risk Pop Mean Not In Interval 0.00129258313071
6.302633404 0.001394175750375
6.312633404 0.001503085016728
6.322633404 0.001619781919478
6.332633404 0.001744763343781
6.342633404 0.001878553163509
6.352633404 0.00202170335687
6.362633404 0.002174795143034
6.372633404 0.002338440138215
6.382633404 0.002513281529505
6.392633404 0.002699995264557
6.402633404 0.002899291255016
6.412633404 0.0031119145914
6.422633404 0.003338646766931
6.432633404 0.003580306907587
6.442633404 0.003837753005441
6.452633404 0.004111883152114
6.462633404 0.004403636768953
6.472633404 0.004713995830294
6.482633404 0.00504398607595
6.492633404 0.005394678208806
6.502633404 0.005767189073178
6.512633404 0.006162682809326
6.522633404 0.006582371979299
6.532633404 0.007027518659011
6.542633404 0.007499435491241
6.552633404 0.007999486693976
6.562633404 0.008529089018322
6.572633404 0.009089712649938
6.582633404 0.009682882047761
6.592633404 0.010310176713559
6.602633404 0.010973231885641
6.612633404 0.011673739149879
6.622633404 0.012413446960998
6.632633404 0.013194161066932
6.642633404 0.014017744828892
6.652633404 0.014886119429665
6.662633404 0.015801263962536
6.672633404 0.016765215393141
6.682633404 0.017780068386493
6.692633404 0.018847974991355
6.702633404 0.019971144174145
6.712633404 0.021151841194524
6.722633404 0.022392386814899
6.732633404 0.023695156336087
6.742633404 0.025062578451544
6.752633404 0.026497133912626
6.762633404 0.028001353997584
6.772633404 0.029577818777144
6.782633404 0.031229155169796
6.792633404 0.032958034780185
6.802633404 0.034767171514307
6.812633404 0.036659318965609
6.822633404 0.038637267566436
6.832633404 0.04070384149978
6.842633404 0.042861895366719
6.852633404 0.045114310605503
6.862633404 0.047463991658785
6.872633404 0.049913861886154
6.882633404 0.052466859219754
6.892633404 0.055125931561483
6.902633404 0.057894031921039
6.912633404 0.060774113294828
6.922633404 0.063769123286609
6.932633404 0.066881998471601
6.942633404 0.070115658506681
6.952633404 0.073472999990258
6.962633404 0.076956890076353
6.972633404 0.080570159848442
6.982633404 0.08431559745964
6.992633404 0.088195941046864
7.002633404 0.092213871427688
7.012633404 0.096372004589712
7.022633404 0.100672883983366
7.032633404 0.105118972630207
7.042633404 0.109712645059899
7.052633404 0.114456179090192
7.062633404 0.119351747465368
7.072633404 0.124401409369728
7.082633404 0.129607101833833
7.092633404 0.134970631052302
7.102633404 0.140493663633053
7.112633404 0.146177717798928
7.122633404 0.152024154563666
7.132633404 0.158034168905165
7.142633404 0.164208780959937
7.152633404 0.170548827263525
7.162633404 0.17705495206251
7.172633404 0.183727598724515
7.182633404 0.190567001273319
7.192633404 0.19757317607684
7.202633404 0.204745913716324
7.212633404 0.212084771065549
7.222633404 0.219589063609266
7.232633404 0.227257858030401
7.242633404 0.235089965095763
7.252633404 0.243083932870105
7.262633404 0.251238040288416
7.272633404 0.259550291116205
7.282633404 0.268018408327334
7.292633404 0.276639828928651
7.302633404 0.285411699260211
7.312633404 0.29433087079933
7.322633404 0.303393896496051
7.332633404 0.312597027666769
7.342633404 0.321936211471878
7.352633404 0.331407089002236
7.362633404 0.341004993998101
7.372633404 0.350724952222876
7.382633404 0.360561681512631
7.392633404 0.370509592520834
7.402633404 0.38056279017608
7.412633404 0.390715075868878
7.422633404 0.400959950381701
7.432633404 0.411290617574535
7.442633404 0.421699988836135
7.452633404 0.432180688309039
7.462633404 0.442725058894157
7.472633404 0.453325169038466
7.482633404 0.463972820306953
7.492633404 0.474659555737497
7.502633404 0.485376668974912
7.512633404 0.496115214177806
7.522633404 0.506866016689353
7.532633404 0.517619684460452
7.542633404 0.528366620211139
7.552633404 0.539097034313474
7.562633404 0.549800958376523
7.572633404 0.560468259511398
7.582633404 0.571088655251784
7.592633404 0.581651729102779
7.602633404 0.592146946688412
7.612633404 0.602563672465718
7.622633404 0.612891186970897
7.632633404 0.623118704560766
7.642633404 0.633235391610526
7.652633404 0.64323038512673
7.662633404 0.653092811732366
7.672633404 0.662811806979077
7.682633404 0.672376534939801
7.692633404 0.68177620803352
7.702633404 0.691000107032318
7.712633404 0.700037601199682
7.722633404 0.708878168507837
7.732633404 0.717511415880907
7.742633404 0.725927099409963
7.752633404 0.734115144485358
7.762633404 0.742065665791375
7.772633404 0.749768987107946
7.782633404 0.757215660864221
7.792633404 0.764396487388864
7.802633404 0.771302533802384
7.812633404 0.777925152497326
7.822633404 0.784255999152928
7.832633404 0.790287050231805
7.842633404 0.796010619907385
7.852633404 0.801419376372153
7.862633404 0.806506357478316
7.872633404 0.811264985664216
7.882633404 0.815689082121713
7.892633404 0.819772880161849
7.902633404 0.823511037738322
7.912633404 0.826898649090722
7.922633404 0.829931255471999
7.932633404 0.832604854927341
7.942633404 0.834915911094428
7.952633404 0.836861360997997
7.962633404 0.838438621814643
7.972633404 0.839645596586965
7.982633404 0.840480678869352
7.992633404 0.840942756290997
8.002633404 0.84103121302509
8.012633404 0.840745931156504
8.022633404 0.840087290943726
8.032633404 0.839056169974227
8.042633404 0.83765394121589
8.052633404 0.835882469970544
8.062633404 0.833744109739089
8.072633404 0.831241697011015
8.082633404 0.828378544994486
8.092633404 0.825158436306375
8.102633404 0.821585614644827
8.112633404 0.817664775470023
8.122633404 0.813401055721766
8.132633404 0.808800022605441
8.142633404 0.803867661480573
8.152633404 0.798610362888892
8.162633404 0.793034908761231
8.172633404 0.787148457844917
8.182633404 0.78095853039547
8.192633404 0.774472992178409
8.202633404 0.767700037828752
8.212633404 0.76064817361746
8.222633404 0.753326199675473
8.232633404 0.745743191727265
8.242633404 0.737908482386876
8.252633404 0.729831642070262
8.262633404 0.721522459578416
8.272633404 0.712990922406226
8.282633404 0.704247196832252
8.292633404 0.695301607844692
8.302633404 0.686164618958645
8.312633404 0.676846811979495
8.322633404 0.667358866766664
8.332633404 0.657711541051337
8.342633404 0.647915650360839
8.352633404 0.63798204810131
8.362633404 0.62792160584909
8.372633404 0.617745193899841
8.382633404 0.607463662122911
8.392633404 0.597087821166748
8.402633404 0.586628424059359
8.412633404 0.576096148245892
8.422633404 0.565501578103312
8.432633404 0.554855187970048
8.442633404 0.544167325726162
8.452633404 0.533448196957291
8.462633404 0.522707849733196
8.472633404 0.511956160029237
8.482633404 0.501202817816609
8.492633404 0.490457313844559
8.502633404 0.479728927135237
8.512633404 0.469026713209181
8.522633404 0.458359493056832
8.532633404 0.44773584286883
8.542633404 0.437164084535239
8.552633404 0.426652276921239
8.562633404 0.416208207924295
8.572633404 0.405839387315256
8.582633404 0.3955530403634
8.592633404 0.385356102243019
8.602633404 0.375255213216801
8.612633404 0.365256714588995
8.622633404 0.355366645419174
8.632633404 0.3455907399853
8.642633404 0.335934425982808
8.652633404 0.326402823444512
8.662633404 0.317000744364356
8.672633404 0.307732693006326
8.682633404 0.29860286687829
8.692633404 0.289615158349038
8.702633404 0.280773156885499
8.712633404 0.27208015188584
8.722633404 0.263539136083102
8.732633404 0.255152809493007
8.742633404 0.246923583878743
8.752633404 0.238853587704787
8.762633404 0.23094467155121
8.772633404 0.223198413959431
8.782633404 0.215616127679977
8.792633404 0.208198866292586
8.802633404 0.200947431168809
8.812633404 0.19386237874723
8.822633404 0.186944028091519
8.832633404 0.180192468701649
8.842633404 0.173607568548923
8.852633404 0.167188982305789
8.862633404 0.160936159741862
8.872633404 0.154848354258127
8.882633404 0.148924631531884
8.892633404 0.143163878245689
8.902633404 0.137564810874286
8.912633404 0.132125984504346
8.922633404 0.126845801662701
8.932633404 0.121722521129653
8.942633404 0.116754266714949
8.952633404 0.111939035974974
8.962633404 0.107274708850783
8.972633404 0.10275905620765
8.982633404 0.098389748257904
8.992633404 0.094164362849935
9.002633404 0.090080393607384
9.012633404 0.086135257903641
9.022633404 0.082326304657949
9.032633404 0.078650821940501
9.042633404 0.075106044375084
9.052633404 0.071689160328925
9.062633404 0.068397318880504
9.072633404 0.065227636557195
9.082633404 0.062177203835642
9.092633404 0.059243091398855
9.102633404 0.056422356145001
9.112633404 0.053712046943857
9.122633404 0.051109210137865
9.132633404 0.04861089478562
9.142633404 0.046214157646534
9.152633404 0.043916067906255
9.162633404 0.041713711643219
9.172633404 0.039604196037486
9.182633404 0.037584653323747
9.192633404 0.035652244491047
9.202633404 0.033804162732425
9.212633404 0.032037636648261
9.222633404 0.030349933207678
9.232633404 0.028738360472848
9.242633404 0.027200270091513
9.252633404 0.025733059563478
9.262633404 0.024334174287175
9.272633404 0.023001109392778
9.282633404 0.021731411368615
9.292633404 0.0205226794879
9.302633404 0.019372567043018
9.312633404 0.018278782394801
9.322633404 0.017239089844342
9.332633404 0.016251310335054
9.342633404 0.015313321992722
9.352633404 0.014423060511378
9.362633404 0.013578519392813
9.372633404 0.012777750047577
9.382633404 0.012018861765228
9.392633404 0.01130002156159
9.402633404 0.010619453910645
9.412633404 0.009975440368612
9.422633404 0.009366319097631
9.432633404 0.008790484296324
9.442633404 0.008246385544362
9.452633404 0.00773252706796
9.462633404 0.00724746693308
9.472633404 0.006789816172883
9.482633404 0.00635823785579
9.492633404 0.005951446100265
9.502633404 0.005568205042252
9.512633404 0.005207327760912
9.522633404 0.004867675168113
9.532633404 0.004548154866872
9.542633404 0.004247719983687
9.552633404 0.003965367979499
9.562633404 0.003700139443719
9.572633404 0.00345111687557
9.582633404 0.003217423456718
9.592633404 0.002998221818927
9.602633404 0.002792712810259
9.612633404 0.002600134263087
9.622633404 0.002419759766965
9.632633404 0.002250897449189
9.642633404 0.002092888765641
9.652633404 0.001945107304334
9.662633404 0.00180695760382
9.672633404 0.001677873988484
9.682633404 0.001557319422507
9.692633404 0.001444784384122
9.702633404 0.001339785761607
9.712633404 0.001241865772292
9.722633404 0.001150590905682
9.732633404 0.001065550891669
9.742633404 0.00098635769465
9.752633404 0.000912644534207
9.762633404 0.000844064932934
9.772633404 0.000780291791796
9.782633404 0.000721016493372
9.792633404 0.000665948033159
9.802633404 0.000614812179057
9.812633404 0.000567350659047
9.822633404 0.000523320376988
9.832633404 0.000482492656385
9.842633404 0.000444652511906
9.852633404 0.000409597948363
9.862633404 0.000377139286797
9.872633404 0.000347098517291
9.882633404 0.00031930867803
9.892633404 0.000293613260143
9.902633404 0.000269865637784
9.912633404 0.000247928522887
9.922633404 0.000227673444011
9.932633404 0.000208980248653
9.942633404 0.000191736628401
9.952633404 0.000175837666267
9.962633404 0.000161185405535
9.972633404 0.000147688439464
9.982633404 0.000135261521141
9.992633404 0.000123825192829
10.0026334 0.000113305434096
10.0126334 0.000103633328071
10.0226334 9.47447451140788E-05
10.0326334 8.6580043264037E-05
10.0426334 7.90837847639716E-05
10.0526334 7.22044680284025E-05
10.0626334 6.58942743966866E-05
10.0726334 6.01088290400647E-05
10.0826334 5.4806975400334E-05
10.0926334 4.99505625523678E-05
10.1026334 4.55042448975283E-05
10.1126334 4.14352936105513E-05
10.1226334 3.77134192786256E-05
10.1326334 3.43106051879751E-05
10.1426334 3.12009507302447E-05
10.1526334 2.8360524418226E-05
10.1626334 2.57672260178945E-05
10.1726334 2.34006573212592E-05
10.1826334 2.12420011020759E-05
10.1926334 1.9273907813985E-05
10.2026334 1.74803896080325E-05
10.2126334 1.58467212637698E-05
10.2226334 1.43593476451442E-05
10.2326334 1.3005797309155E-05
10.2426334 1.17746019117099E-05
10.2526334 1.06552210712383E-05
10.2626334 9.63797236638571E-06
10.2726334 8.71396615947751E-06
10.2826334 7.87504495240529E-06
10.2926334 7.11372699611398E-06
10.3026334 6.42315388895622E-06
8 Margin of Error = 0.780
40
3
=B4/SQRT(B3)
0.9
=1-B6
=B7/2
=NORMSINV(B8)
=NORMSINV(1-B8) #ADDIN?
=B11*B5
=B2-B12
=B2+B12
=CONFIDENCE(B7,B4,B3)
=B2-B16
=B2+B16

0.219589063609266
0.227257858030401
0.235089965095763
0.243083932870105
0.251238040288416
0.259550291116205
0.268018408327334
0.276639828928651
0.285411699260211
0.29433087079933
0.303393896496051
0.312597027666769
0.321936211471878
0.331407089002236
0.341004993998101
0.350724952222876
0.360561681512631
0.370509592520834
0.38056279017608
0.390715075868878
0.400959950381701
0.411290617574535
0.421699988836135
0.432180688309039
0.442725058894157
0.453325169038466
0.463972820306953
0.474659555737497
0.485376668974912
0.496115214177806
0.506866016689353
0.517619684460452
0.528366620211139
0.539097034313474
0.549800958376523
0.560468259511398
0.571088655251784
0.581651729102779
0.592146946688412
0.602563672465718
0.612891186970897
0.623118704560766
0.633235391610526
0.64323038512673
0.653092811732366
0.662811806979077
0.672376534939801
0.68177620803352
0.691000107032318
0.700037601199682
0.708878168507837
0.717511415880907
0.725927099409963
0.734115144485358
0.742065665791375
0.749768987107946
0.757215660864221
0.764396487388864
0.771302533802384
0.777925152497326
0.784255999152928
0.790287050231805
0.796010619907385
0.801419376372153
0.806506357478316
0.811264985664216
0.815689082121713
0.819772880161849
0.823511037738322
0.826898649090722
0.829931255471999
0.832604854927341
0.834915911094428
0.836861360997997
0.838438621814643
0.839645596586965
0.840480678869352
0.840942756290997
0.84103121302509
0.840745931156504
0.840087290943726
0.839056169974227
0.83765394121589
0.835882469970544
0.833744109739089
0.831241697011015
0.828378544994486
0.825158436306375
0.821585614644827
0.817664775470023
0.813401055721766
0.808800022605441
0.803867661480573
0.798610362888892
0.793034908761231
0.787148457844917
0.78095853039547
0.774472992178409
0.767700037828752
0.76064817361746
0.753326199675473
0.745743191727265
0.737908482386876
0.729831642070262
0.721522459578416
0.712990922406226
0.704247196832252
0.695301607844692
0.686164618958645
0.676846811979495
0.667358866766664
0.657711541051337
0.647915650360839
0.63798204810131
0.62792160584909
0.617745193899841
0.607463662122911
0.597087821166748
0.586628424059359
0.576096148245892
0.565501578103312
0.554855187970048
0.544167325726162
0.533448196957291
0.522707849733196
0.511956160029237
0.501202817816609
0.490457313844559
0.479728927135237
0.469026713209181
0.458359493056832
0.44773584286883
0.437164084535239
0.426652276921239
0.416208207924295
0.405839387315256
0.3955530403634
0.385356102243019
0.375255213216801
0.365256714588995
0.355366645419174
0.3455907399853
0.335934425982808
0.326402823444512
0.317000744364356
0.307732693006326
0.29860286687829
0.289615158349038
0.280773156885499
0.27208015188584
0.263539136083102
0.255152809493007
0.246923583878743
0.238853587704787
0.23094467155121
0.223198413959431
Mean dollars spent per customer
Amount Mean in Seattle restaurants
17.35 n Sample size
18.03 sigma 5 Pop standard deviation
Standard Error (Standard

18.13 SE Deviation of Distribution of Xbar)
Confidence Level =
or How sure you are that pop mean
18.46 Confidence Coefficient = 0.95 is in Interval
Alpha =
or Risk you take that pop mean in
18.62 Level of Significance = not in interval
19.16 Alpha/2 risk in lower and upper tail
19.81 Calculate Margin of Error Method 1
19.82 z lower
20.18 z upper
20.34 Margin of Error +/-
Confidence Interval Lower
20.60 Limit
Confidence Interval Upper
20.78 Limit
CONFIDENCE function calculates

the Margin of error. It has three
arguments: 1) alpha = alpha, 2)
standard deviation = sigma, 3)
21.21 Margin of Error +/- size = sample size.
21.43 Confidence Interval Lower Limit
21.44 Confidence Interval Upper Limit
21.48 Conclude:
22.03
22.14
22.20 Xbar Alpha = Risk Pop Mean Not In Inte
Confidence Interval
22.22 Mean dollars spent per customer0in Seattle restaurants = $0.00 Err:502
22.24 Confidence Level = 95.00% 0.01 Err:502
22.42 Sample Size = 0.02 Err:502
22.44 Standard Error = 0.000 0.03 Err:502
22.55 0.04 Err:502
22.88 0.05 Err:502
23.12 0.06 Err:502
23.62 1 0.07 Err:502
0.9
0.8
0.7
0.6
0.5
0.4
1
0.9
23.63 0.8 0.08 Err:502
23.89 0.7 0.09 Err:502
0.6
24.19 0.5 0.1 Err:502
24.72 0.4 0.11 Err:502
25.27 0.3 0.12 Err:502
0.2
26.74 0.1 0.13 Err:502
27.43 0 0.14 Err:502
0.6
1.2
1.8
2.4
0.0
0.2
0.4
0.8
1.0
1.4
1.6
2.0
2.2
2.6
2.8
3.0
3.2
3.4
3.6
3.8
4.0
4.2
4.4
4.6
4.8
5.0
5.2
5.4
5.6
27.84 0.15
Xbar Err:502
28.38 0.16 Err:502
28.56 0.17 = P(0.00<=x<=0.00)
Confidence Interval = 95.00% Err:502
29.29 0.18In Interval
Alpha = Risk Pop Mean Not Err:502
30.04 0.19 Err:502
30.25 0.2 Err:502
30.43 0.21 Err:502
30.76 0.22 Err:502
32.36 0.23 Err:502
32.72 0.24 Err:502
34.40 0.25 Err:502
37.21 0.26 Err:502
39.22 0.27 Err:502
42.18 0.28 Err:502
0.29 Err:502
0.3 Err:502
0.31 Err:502
0.32 Err:502
0.33 Err:502
0.34 Err:502
0.35 Err:502
0.36 Err:502
0.37 Err:502
0.38 Err:502
0.39 Err:502
0.4 Err:502
0.41 Err:502
0.42 Err:502
0.43 Err:502
0.44 Err:502
0.45 Err:502
0.46 Err:502
0.47 Err:502
0.48 Err:502
0.49 Err:502
0.5 Err:502
0.51 Err:502
0.52 Err:502
0.53 Err:502
0.54 Err:502
0.55 Err:502
0.56 Err:502
0.57 Err:502
0.58 Err:502
0.59 Err:502
0.6 Err:502
0.61 Err:502
0.62 Err:502
0.63 Err:502
0.64 Err:502
0.65 Err:502
0.66 Err:502
0.67 Err:502
0.68 Err:502
0.69 Err:502
0.7 Err:502
0.71 Err:502
0.72 Err:502
0.73 Err:502
0.74 Err:502
0.75 Err:502
0.76 Err:502
0.77 Err:502
0.78 Err:502
0.79 Err:502
0.8 Err:502
0.81 Err:502
0.82 Err:502
0.83 Err:502
0.84 Err:502
0.85 Err:502
0.86 Err:502
0.87 Err:502
0.88 Err:502
0.89 Err:502
0.9 Err:502
0.91 Err:502
0.92 Err:502
0.93 Err:502
0.94 Err:502
0.95 Err:502
0.96 Err:502
0.97 Err:502
0.98 Err:502
0.99 Err:502
1 Err:502
1.01 Err:502
1.02 Err:502
1.03 Err:502
1.04 Err:502
1.05 Err:502
1.06 Err:502
1.07 Err:502
1.08 Err:502
1.09 Err:502
1.1 Err:502
1.11 Err:502
1.12 Err:502
1.13 Err:502
1.14 Err:502
1.15 Err:502
1.16 Err:502
1.17 Err:502
1.18 Err:502
1.19 Err:502
1.2 Err:502
1.21 Err:502
1.22 Err:502
1.23 Err:502
1.24 Err:502
1.25 Err:502
1.26 Err:502
1.27 Err:502
1.28 Err:502
1.29 Err:502
1.3 Err:502
1.31 Err:502
1.32 Err:502
1.33 Err:502
1.34 Err:502
1.35 Err:502
1.36 Err:502
1.37 Err:502
1.38 Err:502
1.39 Err:502
1.4 Err:502
1.41 Err:502
1.42 Err:502
1.43 Err:502
1.44 Err:502
1.45 Err:502
1.46 Err:502
1.47 Err:502
1.48 Err:502
1.49 Err:502
1.5 Err:502
1.51 Err:502
1.52 Err:502
1.53 Err:502
1.54 Err:502
1.55 Err:502
1.56 Err:502
1.57 Err:502
1.58 Err:502
1.59 Err:502
1.6 Err:502
1.61 Err:502
1.62 Err:502
1.63 Err:502
1.64 Err:502
1.65 Err:502
1.66 Err:502
1.67 Err:502
1.68 Err:502
1.69 Err:502
1.7 Err:502
1.71 Err:502
1.72 Err:502
1.73 Err:502
1.74 Err:502
1.75 Err:502
1.76 Err:502
1.77 Err:502
1.78 Err:502
1.79 Err:502
1.8 Err:502
1.81 Err:502
1.82 Err:502
1.83 Err:502
1.84 Err:502
1.85 Err:502
1.86 Err:502
1.87 Err:502
1.88 Err:502
1.89 Err:502
1.9 Err:502
1.91 Err:502
1.92 Err:502
1.93 Err:502
1.94 Err:502
1.95 Err:502
1.96 Err:502
1.97 Err:502
1.98 Err:502
1.99 Err:502
2 Err:502
2.01 Err:502
2.02 Err:502
2.03 Err:502
2.04 Err:502
2.05 Err:502
2.06 Err:502
2.07 Err:502
2.08 Err:502
2.09 Err:502
2.1 Err:502
2.11 Err:502
2.12 Err:502
2.13 Err:502
2.14 Err:502
2.15 Err:502
2.16 Err:502
2.17 Err:502
2.18 Err:502
2.19 Err:502
2.2 Err:502
2.21 Err:502
2.22 Err:502
2.23 Err:502
2.24 Err:502
2.25 Err:502
2.26 Err:502
2.27 Err:502
2.28 Err:502
2.29 Err:502
2.3 Err:502
2.31 Err:502
2.32 Err:502
2.33 Err:502
2.34 Err:502
2.35 Err:502
2.36 Err:502
2.37 Err:502
2.38 Err:502
2.39 Err:502
2.4 Err:502
2.41 Err:502
2.42 Err:502
2.43 Err:502
2.44 Err:502
2.45 Err:502
2.46 Err:502
2.47 Err:502
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Sample Size =
=AVERAGE(A2:A50) Margin of Error = 0.000
=COUNT(A2:A50)
5
=D3/SQRT(D2)
0.95
=1-D5
=D6/2
=NORMSINV(D7)
=NORMSINV(1-D7) =NORMSINV(D5/2+0.5)
=D10*D4
=D1-D11
=D1+D11
=CONFIDENCE(D6,D3,D2)
=D1-D15
=D1+D15

0.00 Err:502
5.0
5.2
5.4
5.6
Mean dollars spent per customer
Amount Mean 24.80 in Seattle restaurants
17.35 n 49.00 Sample size
18.03 sigma 5 Pop standard deviation
Standard Error (Standard

18.13 SE 0.714285714 Deviation of Distribution of Xbar)
Confidence Level =
or How sure you are that pop mean
18.46 Confidence Coefficient = 0.95 is in Interval
Alpha =
or Risk you take that pop mean in
18.62 Level of Significance = 0.05 not in interval
19.16 Alpha/2 0.025 risk in lower and upper tail
19.82 z lower -1.95996398
20.18 z upper 1.959963985 1.95996398454005
20.34 Margin of Error +/- 1.399974275
20.60 Limit 23.40
20.78 Limit 26.20
CONFIDENCE function calculates

the Margin of error. It has three
arguments: 1) alpha = alpha, 2)
standard deviation = sigma, 3)
21.21 Margin of Error +/- 1.399974275 size = sample size.
21.43 Confidence Interval Lower Lim 23.40003
21.44 Confidence Interval Upper Lim 26.19997
21.48 Conclude:
The limits for the 95.00% Confidence Interval are 23.40 and 26.20. It is reasonable to assume that the
population mean for 'Mean dollars spent per customer in Seattle restaurants' is within our interval (given a
5.00% risk). We are 95.00% sure that the population mean is between these limits. However, we do take a
5.00% risk that the Population means is not within our interval. If our population distribution is normally
distributed or our n is large enough, if we were to construct 100 similar intervals, we would expect to find
22.03 our population mean in 95 of them, and 5 would not contain the population mean.
22.14
22.20 Xbar Alpha = Risk Pop Mean Not In Inte
Confidence Interval
22.22 Mean dollars spent 21.94285714 0.000187362316071
per customer in Seattle restaurants = $24.80
22.24 Confidence Level = 95.00%
21.95285714 0.00019813453336
Sample Size = 49
Confidence Interval
Mean dollars spent per customer in Seattle restaurants = $24.80
Confidence Level = 95.00%
22.42 Sample Size = 49 21.96285714 0.000209485025898
22.44 Standard Error = 0.714
21.97285714 0.00022144234483
22.55 21.98285714 0.000234036306986
22.88 21.99285714 0.000247298043087
23.12 22.00285714 0.000261260047372
23.62 0.6 22.01285714 0.000275956228674
23.63 0.5 22.02285714 0.000291421962952
23.89 0.4 22.03285714 0.00030769414731
24.19 0.3 22.04285714 0.00032481125552
24.72 0.2 22.05285714 0.000342813395054
25.27 22.06285714 0.000361742365661
0.1
26.74 22.07285714 0.000381641719482
0
27.43 22.08285714 0.000402556822731
22.0
22.2
22.6
22.8
23.2
23.4
23.8
24.0
24.4
24.6
25.0
25.2
25.6
25.8
26.4
27.0
27.2
27.6
22.4
23.0
23.6
24.2
24.8
25.4
26.0
26.2
26.6
26.8
27.4
27.84 22.09285714 Xbar 0.000424534918951
28.38 22.10285714 0.00044762519385
28.56 Confidence Interval = 95.00% =
22.11285714 0.000471878841728
P(23.40<=x<=26.20)
29.29 22.12285714
Alpha = Risk Pop Mean Not In Interval 0.000497349133509
30.04 22.13285714 0.000524091486365
30.25 22.14285714 0.000552163534957
30.43 22.15285714 0.000581625204276
30.76 22.16285714 0.000612538784092
32.36 22.17285714 0.000644969005002
32.72 22.18285714 0.000678983116075
34.40 22.19285714 0.000714650964082
37.21 22.20285714 0.000752045074299
39.22 22.21285714 0.000791240732873
42.18 22.22285714 0.000832316070727
22.23285714 0.000875352148989
22.24285714 0.000920433045917
22.25285714 0.000967645945298
22.26285714 0.001017081226287
22.27285714 0.001068832554646
22.28285714 0.001122996975364
22.29285714 0.00117967500659
22.30285714 0.001238970734858
22.31285714 0.001300991911537
22.32285714 0.001365850050459
22.33285714 0.001433660526666
22.34285714 0.001504542676216
22.35285714 0.001578619896968
22.36285714 0.001656019750296
22.37285714 0.001736874063624
22.38285714 0.001821319033735
22.39285714 0.001909495330735
22.40285714 0.002001548202602
22.41285714 0.002097627580206
22.42285714 0.00219788818271
22.43285714 0.002302489623235
22.44285714 0.002411596514676
22.45285714 0.002525378575548
22.46285714 0.002644010735745
22.47285714 0.002767673242062
22.48285714 0.002896551763364
22.49285714 0.003030837495241
22.50285714 0.003170727264008
22.51285714 0.003316423629896
22.52285714 0.003468134989258
22.53285714 0.003626075675651
22.54285714 0.003790466059579
22.55285714 0.003961532646761
22.56285714 0.004139508174703
22.57285714 0.004324631707398
22.58285714 0.004517148727956
22.59285714 0.004717311228951
22.60285714 0.004925377800282
22.61285714 0.005141613714332
22.62285714 0.005366291008194
22.63285714 0.005599688562745
22.64285714 0.005842092178336
22.65285714 0.006093794646846
22.66285714 0.006355095819873
22.67285714 0.006626302672796
22.68285714 0.00690772936447
22.69285714 0.007199697292279
22.70285714 0.007502535142293
22.71285714 0.00781657893426
22.72285714 0.008142172061154
22.73285714 0.008479665323013
22.74285714 0.008829416954777
22.75285714 0.009191792647849
22.76285714 0.009567165565095
22.77285714 0.009955916348983
22.78285714 0.010358433122585
22.79285714 0.010775111483138
22.80285714 0.011206354487875
22.81285714 0.011652572631826
22.82285714 0.012114183817298
22.83285714 0.012591613314736
22.84285714 0.013085293714664
22.85285714 0.013595664870417
22.86285714 0.014123173831364
22.87285714 0.014668274766339
22.88285714 0.01523142887697
22.89285714 0.015813104300647
22.90285714 0.016413776002817
22.91285714 0.017033925658341
22.92285714 0.017674041521638
22.93285714 0.018334618285334
22.94285714 0.019016156927171
22.95285714 0.01971916454489
22.96285714 0.020444154178869
22.97285714 0.021191644622241
22.98285714 0.021962160218288
22.99285714 0.022756230644854
23.00285714 0.023574390685589
23.01285714 0.024417179987801
23.02285714 0.025285142806728
23.03285714 0.026178827736047
23.04285714 0.027098787424448
23.05285714 0.028045578278128
23.06285714 0.029019760149044
23.07285714 0.030021896008814
23.08285714 0.031052551608151
23.09285714 0.032112295121724
23.10285714 0.033201696778389
23.11285714 0.034321328476704
23.12285714 0.035471763385712
23.13285714 0.036653575530943
23.14285714 0.037867339365658
23.15285714 0.039113629327329
23.16285714 0.040393019379412
23.17285714 0.041706082538461
23.18285714 0.043053390386672
23.19285714 0.044435512569962
23.20285714 0.045853016281709
23.21285714 0.047306465732317
23.22285714 0.048796421604766
23.23285714 0.05032344049637
23.24285714 0.051888074346961
23.25285714 0.053490869853758
23.26285714 0.055132367873197
23.27285714 0.056813102810048
23.28285714 0.058533601994129
23.29285714 0.06029438504501
23.30285714 0.062095963225068
23.31285714 0.063938838781345
23.32285714 0.065823504276633
23.33285714 0.067750441910267
23.34285714 0.069720122829143
23.35285714 0.071733006429481
23.36285714 0.073789539649905
23.37285714 0.075890156256417
23.38285714 0.078035276119906
23.39285714 0.080225304486814
23.40285714 0.082460631243657
23.41285714 0.084741630176083
23.42285714 0.087068658223221
23.43285714 0.089442054728052
23.44285714 0.091862140684604
23.45285714 0.094329217982784
23.46285714 0.096843568651656
23.47285714 0.099405454102063
23.48285714 0.102015114369446
23.49285714 0.10467276735778
23.50285714 0.107378608085557
23.51285714 0.110132807934773
23.52285714 0.11293551390388
23.53285714 0.115786847865696
23.54285714 0.118686905831304
23.55285714 0.121635757220938
23.56285714 0.124633444142927
23.57285714 0.127679980681735
23.58285714 0.130775352196199
23.59285714 0.133919514629015
23.60285714 0.137112393828599
23.61285714 0.140353884884418
23.62285714 0.143643851476901
23.63285714 0.146982125243066
23.64285714 0.150368505158968
23.65285714 0.153802756940115
23.66285714 0.157284612460978
23.67285714 0.160813769194718
23.68285714 0.164389889674267
23.69285714 0.168012600975879
23.70285714 0.17168149422628
23.71285714 0.175396124134515
23.72285714 0.179156008549602
23.73285714 0.182960628045077
23.74285714 0.186809425531512
23.75285714 0.190701805898054
23.76285714 0.194637135684041
23.77285714 0.19861474278171
23.78285714 0.202633916170998
23.79285714 0.206693905687416
23.80285714 0.210793921823944
23.81285714 0.214933135567877
23.82285714 0.219110678273507
23.83285714 0.223325641571513
23.84285714 0.227577077315874
23.85285714 0.231863997569118
23.86285714 0.236185374626631
23.87285714 0.240540141080781
23.88285714 0.244927189925489
23.89285714 0.249345374701906
23.90285714 0.253793509685772
23.91285714 0.258270370116991
23.92285714 0.262774692471915
23.93285714 0.267305174778773
23.94285714 0.271860476976641
23.95285714 0.276439221318271
23.96285714 0.281039992817074
23.97285714 0.28566133973846
23.98285714 0.290301774135727
23.99285714 0.294959772430571
24.00285714 0.299633776038296
24.01285714 0.304322192037682
24.02285714 0.309023393885452
24.03285714 0.313735722175189
24.04285714 0.318457485440495
24.05285714 0.323186961002143
24.06285714 0.327922395858864
24.07285714 0.332662007621387
24.08285714 0.337403985489267
24.09285714 0.342146491269959
24.10285714 0.346887660439559
24.11285714 0.351625603244539
24.12285714 0.356358405843743
24.13285714 0.361084131489864
24.14285714 0.365800821749536
24.15285714 0.370506497761109
24.16285714 0.37519916152913
24.17285714 0.379876797254473
24.18285714 0.384537372698994
24.19285714 0.389178840583558
24.20285714 0.393799140018162
24.21285714 0.398396197962897
24.22285714 0.402967930718362
24.23285714 0.407512245444134
24.24285714 0.412027041703817
24.25285714 0.416510213035153
24.26285714 0.420959648543621
24.27285714 0.425373234517898
24.28285714 0.429748856065507
24.29285714 0.434084398766941
24.30285714 0.438377750346503
24.31285714 0.442626802358046
24.32285714 0.446829451883791
24.33285714 0.450983603244321
24.34285714 0.455087169717868
24.35285714 0.459138075266923
24.36285714 0.463134256270218
24.37285714 0.467073663258062
24.38285714 0.470954262649041
24.39285714 0.474774038486014
24.40285714 0.478530994169364
24.41285714 0.482223154185435
24.42285714 0.485848565828068
24.43285714 0.489405300911163
24.44285714 0.492891457470154
24.45285714 0.496305161450333
24.46285714 0.499644568379911
24.47285714 0.502907865025748
24.48285714 0.506093271029671
24.49285714 0.509199040523321
24.50285714 0.512223463719487
24.51285714 0.515164868477898
24.52285714 0.518021621843462
24.53285714 0.520792131554999
24.54285714 0.523474847522487
24.55285714 0.526068263270928
24.56285714 0.528570917348947
24.57285714 0.530981394700281
24.58285714 0.533298327996353
24.59285714 0.535520398928184
24.60285714 0.537646339455933
24.61285714 0.539674933014404
24.62285714 0.541605015672915
24.63285714 0.543435477247989
24.64285714 0.545165262367377
24.65285714 0.546793371483973
24.66285714 0.548318861838274
24.67285714 0.549740848368085
24.68285714 0.551058504564224
24.69285714 0.552271063271094
24.70285714 0.553377817431016
24.71285714 0.554378120771323
24.72285714 0.555271388433275
24.73285714 0.556057097541943
24.74285714 0.55673478771628
24.75285714 0.557304061518684
24.76285714 0.557764584843443
24.77285714 0.55811608724352
24.78285714 0.558358362195241
24.79285714 0.558491267300518
24.80285714 0.558514724426336
24.81285714 0.558428719781298
24.82285714 0.558233303929138
24.83285714 0.557928591739186
24.84285714 0.557514762273828
24.85285714 0.556992058613152
24.86285714 0.556360787616983
24.87285714 0.555621319624667
24.88285714 0.554774088092983
24.89285714 0.553819589172716
24.90285714 0.552758381224424
24.91285714 0.551591084274107
24.92285714 0.550318379409488
24.93285714 0.548941008117739
24.94285714 0.547459771565566
24.95285714 0.545875529822608
24.96285714 0.54418920102922
24.97285714 0.54240176050977
24.98285714 0.540514239832627
24.99285714 0.538527725818143
25.00285714 0.536443359495925
25.01285714 0.53426233501283
25.02285714 0.531985898493125
25.03285714 0.529615346852347
25.04285714 0.527152026566434
25.05285714 0.524597332397769
25.06285714 0.521952706079818
25.07285714 0.519219634962097
25.08285714 0.516399650617262
25.09285714 0.513494327412126
25.10285714 0.510505281044481
25.11285714 0.507434167047632
25.12285714 0.504282679264556
25.13285714 0.501052548293676
25.14285714 0.497745539908229
25.15285714 0.494363453451243
25.16285714 0.490908120208174
25.17285714 0.487381401759236
25.18285714 0.48378518831352
25.19285714 0.48012139702695
25.20285714 0.476391970306192
25.21285714 0.472598874100584
25.22285714 0.468744096184194
25.23285714 0.464829644430083
25.24285714 0.460857545078865
25.25285714 0.456829841003629
25.26285714 0.452748589973299
25.27285714 0.44861586291646
25.28285714 0.444433742187691
25.29285714 0.440204319838414
25.30285714 0.435929695894225
25.31285714 0.431611976640684
25.32285714 0.427253272919477
25.33285714 0.422855698436836
25.34285714 0.418421368086097
25.35285714 0.413952396286195
25.36285714 0.409450895337879
25.37285714 0.404918973799395
25.38285714 0.400358734883314
25.39285714 0.395772274876165
25.40285714 0.391161681582447
25.41285714 0.386529032794594
25.42285714 0.381876394790351
25.43285714 0.37720582085903
25.44285714 0.372519349858
25.45285714 0.367819004800755
25.46285714 0.363106791477807
25.47285714 0.358384697111617
25.48285714 0.353654689046707
25.49285714 0.34891871347603
25.50285714 0.344178694204602
25.51285714 0.339436531451381
25.52285714 0.334694100690238
25.53285714 0.329953251530878
25.54285714 0.325215806640446
25.55285714 0.320483560706519
25.56285714 0.315758279442101
25.57285714 0.31104169863319
25.58285714 0.306335523229394
25.59285714 0.30164142647804
25.60285714 0.296961049102124
25.61285714 0.292295998522398
25.62285714 0.287647848123841
25.63285714 0.283018136566656
25.64285714 0.27840836714192
25.65285714 0.273820007171921
25.66285714 0.269254487455147
25.67285714 0.26471320175588
25.68285714 0.260197506338221
25.69285714 0.255708719544369
25.70285714 0.251248121416892
25.71285714 0.246816953364685
25.72285714 0.242416417872244
25.73285714 0.238047678251842
25.74285714 0.233711858438143
25.75285714 0.229410042824731
25.76285714 0.225143276141993
25.77285714 0.220912563375745
25.78285714 0.216718869725942
25.79285714 0.212563120604778
25.80285714 0.208446201673441
25.81285714 0.204368958916741
25.82285714 0.200332198754796
25.83285714 0.196336688190939
25.84285714 0.192383154994955
25.85285714 0.18847228792074
25.86285714 0.184604736957445
25.87285714 0.180781113613133
25.88285714 0.177001991229967
25.89285714 0.173267905329903
25.90285714 0.169579353989864
25.91285714 0.165936798245336
25.92285714 0.162340662521327
25.93285714 0.158791335089589
25.94285714 0.15528916855102
25.95285714 0.151834480342139
25.96285714 0.148427553264508
25.97285714 0.145068636035992
25.98285714 0.141757943862725
25.99285714 0.138495659030648
26.00285714 0.135281931515501
26.01285714 0.132116879610118
26.02285714 0.129000590567928
26.03285714 0.125933121261506
26.04285714 0.122914498855076
26.05285714 0.119944721489858
26.06285714 0.117023758981142
26.07285714 0.114151553526009
26.08285714 0.111328020420621
26.09285714 0.108553048786009
26.10285714 0.105826502301308
26.11285714 0.103148219943405
26.12285714 0.10051801673198
26.13285714 0.097935684478947
26.14285714 0.095400992541298
26.15285714 0.092913688576406
26.16285714 0.090473499298836
26.17285714 0.088080131237754
26.18285714 0.085733271494033
26.19285714 0.083432588496191
26.20285714 0.081177732754312
26.21285714 0.078968337611131
26.22285714 0.076804019989484
26.23285714 0.07468438113536
26.24285714 0.072609007355811
26.25285714 0.070577470751001
26.26285714 0.06858932993971
26.27285714 0.066644130777642
26.28285714 0.064741407067887
26.29285714 0.062880681262949
26.30285714 0.06106146515777
26.31285714 0.059283260573182
26.32285714 0.057545560029295
26.33285714 0.055847847408311
26.34285714 0.054189598606325
26.35285714 0.052570282173661
26.36285714 0.050989359943348
26.37285714 0.049446287647366
26.38285714 0.047940515520302
26.39285714 0.046471488890105
26.40285714 0.04503864875564
26.41285714 0.043641432350781
26.42285714 0.042279273694794
26.43285714 0.040951604128805
26.44285714 0.039657852838152
26.45285714 0.038397447360471
26.46285714 0.037169814079367
26.47285714 0.03597437870355
26.48285714 0.034810566731359
26.49285714 0.033677803900589
26.50285714 0.032575516623576
26.51285714 0.031503132407523
26.52285714 0.030460080260051
26.53285714 0.029445791079988
26.54285714 0.028459698033446
26.55285714 0.027501236915218
26.56285714 0.026569846495575
26.57285714 0.025664968852562
26.58285714 0.024786049689869
26.59285714 0.023932538640435
26.60285714 0.023103889555882
26.61285714 0.022299560781965
26.62285714 0.021519015420169
26.63285714 0.020761721575661
26.64285714 0.020027152591757
26.65285714 0.019314787271127
26.66285714 0.018624110083939
26.67285714 0.017954611363166
26.68285714 0.017305787487283
26.69285714 0.016677141050601
26.70285714 0.016068181021483
26.71285714 0.015478422888691
26.72285714 0.014907388796141
26.73285714 0.014354607666313
26.74285714 0.013819615312612
26.75285714 0.013301954540939
26.76285714 0.012801175240768
26.77285714 0.012316834466008
26.78285714 0.011848496505941
26.79285714 0.011395732946531
26.80285714 0.010958122722392
26.81285714 0.010535252159713
26.82285714 0.010126715010437
26.83285714 0.00973211247799
26.84285714 0.009351053234855
26.85285714 0.008983153432284
26.86285714 0.008628036702457
26.87285714 0.008285334153357
26.88285714 0.007954684356681
26.89285714 0.007635733329055
26.90285714 0.007328134506848
26.91285714 0.007031548714874
26.92285714 0.006745644129257
26.93285714 0.006470096234736
26.94285714 0.006204587776693
26.95285714 0.00594880870816
26.96285714 0.005702456132085
26.97285714 0.005465234239111
26.98285714 0.00523685424112
26.99285714 0.00501703430081
27.00285714 0.004805499457527
27.01285714 0.004601981549616
27.02285714 0.00440621913352
27.03285714 0.004217957399843
27.04285714 0.004036948086631
27.05285714 0.003862949390052
27.06285714 0.00369572587273
27.07285714 0.003535048369901
27.08285714 0.003380693893619
27.09285714 0.003232445535197
27.10285714 0.00309009236607
27.11285714 0.002953429337265
27.12285714 0.002822257177655
27.13285714 0.002696382291176
27.14285714 0.002575616653144
27.15285714 0.002459777705873
27.16285714 0.002348688253699
27.17285714 0.0022421763576
27.18285714 0.002140075229515
27.19285714 0.002042223126526
27.20285714 0.001948463245008
27.21285714 0.001858643614891
27.22285714 0.001772616994126
27.23285714 0.001690240763495
27.24285714 0.001611376821843
27.25285714 0.001535891481853
27.26285714 0.001463655366447
27.27285714 0.001394543305907
27.28285714 0.001328434235799
27.29285714 0.001265211095783
27.30285714 0.001204760729378
27.31285714 0.001146973784751
27.32285714 0.001091744616606
27.33285714 0.001038971189218
27.34285714 0.000988554980679
27.35285714 0.000940400888406
27.36285714 0.000894417135952
27.37285714 0.00085051518117
27.38285714 0.000808609625769
27.39285714 0.000768618126296
27.40285714 0.000730461306575
27.41285714 0.000694062671633
27.42285714 0.000659348523139
27.43285714 0.000626247876376
27.44285714 0.000594692378768
27.45285714 0.000564616229975
27.46285714 0.000535956103561
27.47285714 0.00050865107027
27.48285714 0.000482642522884
27.49285714 0.000457874102693
27.50285714 0.000434291627574
27.51285714 0.000411843021668
27.52285714 0.00039047824667
27.53285714 0.000370149234711
27.54285714 0.000350809822846
27.55285714 0.000332415689117
27.56285714 0.000314924290203
27.57285714 0.000298294800633
27.58285714 0.000282488053551
27.59285714 0.000267466483023
27.60285714 0.000253194067874
27.61285714 0.00023963627702
27.62285714 0.000226760016309
27.63285714 0.000214533576813
27.64285714 0.000202926584592
27.65285714 0.000191909951878
27.66285714 0.000181455829668
Sample Size = 49
=AVERAGE(A2:A50) Margin of Error = 1.400
=COUNT(A2:A50)
5
=D3/SQRT(D2)
0.95
=1-D5
=D6/2
=NORMSINV(D7)
=NORMSINV(1-D7) =NORMSINV(D5/2+0.5)
=D10*D4
=D1-D11
=D1+D11
=CONFIDENCE(D6,D3,D2)
=D1-D15
=D1+D15
20. It is reasonable to assume that the

estaurants' is within our interval (given a
een these limits. However, we do take a
our population distribution is normally
milar intervals, we would expect to find
ontain the population mean.

24.80
27.0
24.80
27.2
27.4
27.6
0.082460631243657
0.084741630176083
0.087068658223221
0.089442054728052
0.091862140684604
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0.103148219943405
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0.095400992541298
0.092913688576406
0.090473499298836
0.088080131237754
0.085733271494033
0.083432588496191
The Solid Construction Company constructs decks for residential homes. They send out
two person teams to build decks. The company conducts a sample of 40 jobs and
calculates a mean completion rate of 8 hours to build a typical deck. The standard
deviation for the population is NOT known, but s is calculated to be 3 hours.
n 40 Sample Size 40
degrees of Freedom (loss of one value to vary
df because we use s) =B2-1
Xbar 8 Hours to build a typical deck 8
Sample Standard Deviation point estimate for pop
s (hours) 3 SD, sigma 3
Standard Deviation for Distribution of Sample
Standard Error Means =B5/SQRT(B2)
Confidence Level 0.9 Probability that Pop Parameter is in our interval 0.9
Probability that Pop Parameter is NOT in our
Alpha interval (Risk) =1-B7
t lower
TINV function gives you t value on upper end. It

has two arguments: 1) probability = alpha = 1 -
confidence Interval (if they give you alpha/2, you
must multiply by 2), 2) deg_freedon = degrees of
t upper freedom = n -1 =TINV(B8,B3)
Margin of Error =B10*B6
Limit =B4-B11
Limit =B4+B11
Conclude:
The limits for the 90.00% Confidence Interval are and . It is reasonable to assume that the population mean is
within our interval (given a 10.00% risk). We are 90.00% sure that the population mean for Hours to build a
typical deck is between these limits. However, we do take a 10.00% risk that the Population means is not
within our interval. If our population distribution is normally distributed or our n is large enough, if we were to
construct 100 similar intervals, we would expect to find our population mean in 90 of them, and 10 would not
contain the population mean.
The Solid Construction Company constructs decks for residential homes. They send out
two person teams to build decks. The company conducts a sample of 40 jobs and
calculates a mean completion rate of 8 hours to build a typical deck. The standard
deviation for the population is NOT known, but s is calculated to be 3 hours.
n 40 Sample Size 40
degrees of Freedom (loss of one value to vary
df 39 because we use s) =B2-1
Xbar 8 Hours to build a typical deck 8
Sample Standard Deviation point estimate for pop
s (hours) 3 SD, sigma 3
Standard Deviation for Distribution of Sample
Standard Error 0.474342 Means =B5/SQRT(B2)
Confidence Level 0.9 Probability that Pop Parameter is in our interval 0.9
Probability that Pop Parameter is NOT in our
Alpha 0.1 interval (Risk) =1-B7
t lower
TINV function gives you t value on upper end. It

has two arguments: 1) probability = alpha = 1 -
confidence Interval (if they give you alpha/2, you
must multiply by 2), 2) deg_freedon = degrees of
t upper 1.684875 freedom = n -1 =TINV(B8,B3)
Margin of Error 0.799206 =B10*B6
Limit 7.200794 7 hours and 12 minutes =B4-B11
Limit 8.799206 8 hours and 48 minutes =B4+B11
Conclude:
The limits for the 90.00% Confidence Interval are 7 hours and 12 minutes and 8 hours and 48 minutes. It is
reasonable to assume that the population mean is within our interval (given a 10.00% risk). We are 90.00%
sure that the population mean for Hours to build a typical deck is between these limits. However, we do take a
10.00% risk that the Population means is not within our interval. If our population distribution is normally
distributed or our n is large enough, if we were to construct 100 similar intervals, we would expect to find our
population mean in 90 of them, and 10 would not contain the population mean.
Printers Manufacturer, Standard Deviation of the
Population not known.
X bar 2409 Pages
n 10
# of samples 1
df =B3-B4
ci = 0.95 0.95
t =TINV(1-B6,B5)
s 304 Pages 304
Standard Error =B8/SQRT(B3)
Margin of error =B9*B7
lower Xbar =$B$2-$B$10

upper Xbar =$B$2+$B$10
Printers Manufacturer, Standard Deviation of the
Population not known.
X bar 2409 Pages
n 10
# of samples 1
df 1 =B3-B4
ci = 0.95 0.95
t 12.70620474 =TINV(1-B6,B5)
s 304 Pages 304
Standard Error 96.13324087 =B8/SQRT(B3)
Margin of error 1221.48864 =B9*B7
lower Xbar 1187.51136 =$B$2-$B$10

upper Xbar 3630.48864 =$B$2+$B$10
Amounts The pop. mean of = $50
48.16 The pop. mean of = $60
42.22 Sample Mean is the best estimate of the population mean = Xbar = $ 49.35
46.82 SD = s = $ 9.01
51.45 Sample size = n = 20
23.78 Degrees of Freedom = df = 19
41.86 Confidence Level = 95%
54.86 T-Value = 2.093024
37.92 "Margin of Error" Amount to add & subtract from mean = $ 4.22
52.64 Confidence limit to left = $ 53.57
48.59 Confidence limit to right = $ 45.13
There is a 0.95 probability that the population mean will

show up in the confidence interval from $45.13 to $53.57.
50.82
The pop. mean of $50 is likely to be within the confidence
46.94 interval
The pop. mean of $60 is not likely to be within the
61.83 confidence interval
61.69
49.17
61.46
51.35
52.68
58.84
43.88
Amounts The pop. mean of = $50
48.16 The pop. mean of = $60
42.22 Sample Mean is the best estimate of the population mean = Xbar = $ 49.35
46.82 SD = s = $ 9.01
51.45 Sample size = n = 20
23.78 Degrees of Freedom = df = 19
41.86 Confidence Level = 99%
54.86 T-Value = 2.860935
37.92 "Margin of Error" Amount to add & subtract from mean = $ 5.77
52.64 Confidence limit to left = $ 55.11
48.59 Confidence limit to right = $ 43.58
There is a 0.99 probability that the population mean will

show up in the confidence interval from $43.58 to $55.11.
50.82
The pop. mean of $50 is likely to be within the confidence
46.94 interval
The pop. mean of $60 is not likely to be within the
61.83 confidence interval
61.69
49.17
61.46 Amounts
51.35
52.68 Mean 49.348
58.84 Standard Error 2.015169393
43.88 Median 49.995
Mode #N/A
Standard Deviation 9.0121115
Sample Variance 81.21815368
Kurtosis 2.258706925
Skewness -0.99607984
Range 38.05
Minimum 23.78
Maximum 61.83
Sum 986.96
Count 20
Confidence Level(95.0%) 4.217798005
upper 53.565798
lower 45.130202
A large Seattle Coffee Company says that Excel skills are important for the
600 + employees that work in the Marketing and Accounting Department. A
sample of potential employees who said they were knowledgeable with
Excel is below.
Response Binomial Tests
Experiment consists of a sequence of n identical trials.

Random Variable counts the number of successes in a
Yes Fixed number of trials, n. - Fixed # of Identical Trials = n
Only 2 outcomes are possible on each identical trial.

Yes Success or Failure. - Each trial only results in S or F
Probability of Success = p = (π "pi"). Probability of

Failure = 1-p. Probability remains the same on each
Yes trial. - p remains the same for each trial
The trials are independent (one does not affect the
Yes next) - All events are independent
Yes n*p>5 =D9*D12
Yes n*(1-p)>5 =D13*D9
Yes n Sample size =COUNTA(A3:A1102)
Yes Yes =COUNTIF($A$3:$A$1102,C10)
Yes No 0 =COUNTIF($A$3:$A$1102,C11)
sample proportion =
Yes P(Yes) Point Estimate p =D10/$D$9
Yes P(No) =D11/$D$9
Yes Confidence Level 0.95 0.95
Yes Significance Level alpha =1-D14
Yes alpha/2 =D15/2
Yes z upper 1.95996398454005 =NORMSINV(1-D16)
Yes Standard Error SQRT(p*(1-p)/n) =SQRT(D12*D13/D9)
Yes Margin of error =D18*D17
Yes Lower Limit =D12-D19
Yes Upper Limit =D12+D19
Yes Conclusion:
No
So, since this company hires people on the spot if they know their field and they know Excel, be
No sure to study both in school!
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=IF(D7="","",D7>5)
=IF(D8="","",D8>5)
Proportion of potential employees who know Excel well
=NORMSINV(D14/2+0.5)
A large Seattle Coffee Company says that Excel skills are important for the
600 + employees that work in the Marketing and Accounting Department. A
sample of potential employees who said they were knowledgeable with
Excel is below.
Response Binomial Tests
Experiment consists of a sequence of n identical trials.

Random Variable counts the number of successes in a
Yes Fixed number of trials, n. - Fixed # of Identical Trials = n Yes
Only 2 outcomes are possible on each identical trial.

Yes Success or Failure. - Each trial only results in S or F Yes
Probability of Success = p = (π "pi"). Probability of

Failure = 1-p. Probability remains the same on each
Yes trial. - p remains the same for each trial Yes
The trials are independent (one does not affect the
Yes next) - All events are independent Yes
Yes n*p>5 354 1 =D9*D12
Yes n*(1-p)>5 746 1 =D13*D9
Yes n 1100 Sample size =COUNTA(A3:A1102)
Yes Yes 354 =COUNTIF($A$3:$A$1102,C10)
Yes No 746 1100 =COUNTIF($A$3:$A$1102,C11)
sample proportion =
Yes P(Yes) 0.321818 Point Estimate p =D10/$D$9
Yes P(No) 0.678182 =D11/$D$9
Yes Confidence Level 0.95 0.95
Yes Significance Level 0.05 alpha =1-D14
Yes alpha/2 0.025 =D15/2
Yes z upper 1.959964 1.95996398454005 =NORMSINV(1-D16)
Yes Standard Error 0.014086 SQRT(p*(1-p)/n) =SQRT(D12*D13/D9)
Yes Margin of error 0.027608 =D18*D17
Yes Lower Limit 0.29421 =D12-D19
Yes Upper Limit 0.349426 =D12+D19
Yes Conclusion:
The 95.00% confidence interval for the proportion of potential employees who know excel well
No is 0.2942 to 0.3494.
So, since this company hires people on the spot if they know their field and they know Excel, be
No sure to study both in school!
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=IF(D7="","",D7>5)
=IF(D8="","",D8>5)
Proportion of potential employees who know Excel well
=NORMSINV(D14/2+0.5)
Furniture Land South surveyed their customers (n = 600) to see if they liked the new line of durable
foam furniture decorated in bright colors. 414 said they were excited about the new line. All the
binomial tests are met.
1 List Variables:
x = # of successes = 414
n = sample size = 600
p = sample proportion = x/n = =C4/C5
2 What is the best estimation for the population proportion?
Our sample proportion is the best estimate for the population proportion ==> p =
Determine a 99% Confidence Interval: State the level of confidence, find z, and calculate
3 the confidence intervals.
Level of Confidence = 0.99
Alpha = Risk that population

proportion is not in our interval
= =1-C12
Alpha/2 = =C13/2
z= =NORMSINV(1-C14)
Standard Error =SQRT(C6*(1-C6)/C5)
Margin of error =C16*C15
Xbar lower end = =C6-C17
Xbar upper end = =C6+C17
4 Conclusions
The owner can be 99.00% sure that the population proportion (% of customers excited
about the new product) is between 0.00% and 0.00%.
The margin of error is 0.00%.
If 100 similar intervals were constructed about 99 intervals would contain the
population proportion.
Furniture Land South surveyed their customers (n = 600) to see if they liked the new line of durable
foam furniture decorated in bright colors. 414 said they were excited about the new line. All the
binomial tests are met.
1 List Variables:
x = # of successes = 414
n = sample size = 600
p = sample proportion = x/n = 0.69 =C4/C5
2 What is the best estimation for the population proportion?
Our sample proportion is the best estimate for the population proportion ==> p = 0.69
Determine a 99% Confidence Interval: State the level of confidence, find z, and calculate
3 the confidence intervals.
Level of Confidence = 0.99

= 0.01 =1-C12
Alpha/2 = 0.005 =C13/2
z= 2.575829 =NORMSINV(1-C14)
Standard Error 0.018881 =SQRT(C6*(1-C6)/C5)
Margin of error 0.048635 =C16*C15
Xbar lower end = 0.641365 =C6-C17
Xbar upper end = 0.738635 =C6+C17
4 Conclusions
The owner can be 99.00% sure that the population proportion (% of customers excited
about the new product) is between 64.14% and 73.86%.
The margin of error is 4.86%.
If 100 similar intervals were constructed about 99 intervals would contain the
population proportion.
Error = $5.00
sample standard deviation = $20.00
Level of confidence = 0.99
Alpha = Risk that pop. Mean,
mu, is not in our interval =
Alpha/2 =
z= =NORMSINV(1-B5)
Sample size estimate = =(B6*B2/B1)^2
sample size = =ROUNDUP(B7,0)
2
 z*s 
n 
 E 
ERROR = 0.03
pbar = 0.3

=
Alpha/2 =
z= =NORMSINV(1-B24)
Sample size estimate = =B21*(1-B21)*(B25/B20)^2
sample size = =ROUNDUP(B26,0)
2
 Z
n  p(1  p)  
 E
Error = $5.00
sample standard deviation = $20.00
Alpha = Risk that pop. Mean,
mu, is not in our interval = 0.01
Alpha/2 = 0.005
z= 2.575829 =NORMSINV(1-B5)
Sample size estimate = 106.1583 =(B6*B2/B1)^2
sample size = 107 =ROUNDUP(B7,0)
2
 z*s 
n 
 E 
ERROR = 0.03
pbar = 0.3

= 0.05
Alpha/2 = 0.025
z= 1.959964 =NORMSINV(1-B24)
Sample size estimate = 896.3404 =B21*(1-B21)*(B25/B20)^2
sample size = 897 =ROUNDUP(B26,0)
2
 Z
n  p(1  p)  
 E

Confidence Interval Lower Limit Confidence Interval Upper Limit

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Confidence Interval Lower Limit Confidence Interval Upper Limit

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whole # Dec min round

Confidence Interval Lower Limit 7.22 7 0.22 13.18665 13

CONFIDENCE function calculates the Margin of

Confidence Interval = 90.00% = P(0.00<=x<=0.00)

CONFIDENCE function calculates the Margin of

0.9 6.152633404 0.000427725198139

Confidence Interval = 90.00% = P(7.22<=x<=8.78)

Standard Error (Standard

CONFIDENCE function calculates

Confidence Interval = 95.00% = P(0.00<=x<=0.00)

Standard Error (Standard

CONFIDENCE function calculates

20. It is reasonable to assume that the

Confidence Interval = 95.00% = P(23.40<=x<=26.20)

TINV function gives you t value on upper end. It

TINV function gives you t value on upper end. It

lower Xbar =$B$2-$B$10

lower Xbar 1187.51136 =$B$2-$B$10

There is a 0.95 probability that the population mean will

There is a 0.99 probability that the population mean will

Experiment consists of a sequence of n identical trials.

Only 2 outcomes are possible on each identical trial.

Probability of Success = p = (π "pi"). Probability of

Proportion of potential employees who know Excel well

Experiment consists of a sequence of n identical trials.

Only 2 outcomes are possible on each identical trial.

Probability of Success = p = (π "pi"). Probability of

Proportion of potential employees who know Excel well

2 What is the best estimation for the population proportion?

Alpha = Risk that population

2 What is the best estimation for the population proportion?

Alpha = Risk that population

Alpha = Risk that population

Alpha = Risk that population

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