Question

How much money do winners go home with from the television quiz show Jeopardy? To determine an answer, a random sample of winners was drawn and the amount of money each won was recorded and listed below. Estimate with 96% confidence the mean winning's for all the show's players.

Answer 1

Explanation:

Given:

x = 26214.47

s = 5969.25

n = 15

t = 2.046

The confidence interval is:

CI = x ± t (s / √n)

CI = 26214.47 ± 2.046 (5969.25 / √15)

CI = (23061.06, 29367.88)