00:01
Hello, here a random sample of 500 students were collected.
00:08
The sample mean and standard deviation were 3 .73 and 0 .45 respectively.
00:19
And that follows normal distribution.
00:21
In equation a, we have to construct and interpret 95 % confidence interval.
00:30
So let's calculate marginal fares.
00:55
Now let's construct this confidence interval.
01:17
That's roughly from 3 .69.
01:24
Actually, let's keep more decimals here.
01:28
So that's from 3 .691 to 3 .769.
01:40
Okay.
01:42
And now we have to interpret it.
01:44
So interpretation is following.
01:46
We are 95 % confident that the mean high school gpa for the students at this university is between 3 .691 and 3 .769.
02:24
Once it's answered, we can move on to question b.
02:28
Here, n is 25.
02:43
And we have to do the same.
02:46
So let's calculate the marginal fares...