Answer:
Explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expresseda % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
For this case we have the following info given:
mean for Duncan Hines Chocolate Chip Cookies
represent the sample size for Duncan Hines Chocolate Chip Cookies
represent the deviation for Duncan Hines Chocolate Chip Cookies
mean for Pepperidge Farm Chocolate Chip Cookies
represent the sample size for Pepperidge Farm Chocolate Chip Cookies
represent the deviation for Pepperidge Farm Chocolate Chip Cookies
Solution to the problem
The degrees of freedom for this case are:
Since the Confidence is 0.80 or 80%, the value of
and
, and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.1,159)".And we see that
The confidence interval is given by:
And replacing we got: