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Bjork Larsen was trying to decide whether to use a new racing wax for cross-country skis. He decided that the wax would be worth the price if he could average less than 55 seconds on a course he knew well, so he planned to study the wax by racing on the course 8 times. His 8 race times were 56.3, 65.9, 50.5, 52.4, 46.5, 57.8, 52.2, and 43.2 seconds. Should he buy the wax? Explain by using a confidence interval
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Answered 8 months ago
Step 1
1 of 3Given:
DESCRIPTIVE MEASURES
The mean is the sum of all values divided by the number of values:
is the number of values in the data set.
The variance is the sum of squared deviations from the mean divided by . The standard deviation is the square root of the variance:
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