+4 Listed below are the amounts of net worth (in millions of dollars) of the ten wealthiest celebrities in a country. Construct a
95% confidence interval. What does the result tell us about the population of all celebrities? Do the data appear to be from a normally distributed population as required?
245.216,185,174,161,158,147,147,147,147
What is the confidence interval estimate of the population mean mu?
$___ Million < mu < $ ___ Million
Round to one decimal mplace as needed.
Not many people are "experts" in Statistics on this site. I have calculated the "Mean" and the "Standard Deviation" for you and entered them on this page. Visit it and see if it answers your question:
https://www.wolframalpha.com/input/?i=confidence+interval+of+population+mean&assumption=%7B%22F%22,+%22ZInterval%22,+%22c%22%7D+-%3E%2295+%25%22&assumption=%7B%22F%22,+%22ZInterval%22,+%22n%22%7D+-%3E%2210%22&assumption=%7B%22F%22,+%22ZInterval%22,+%22sigma%22%7D+-%3E%2233.748%22&assumption=%7B%22F%22,+%22ZInterval%22,+%22xbar%22%7D+-%3E%22172.7%22
