Calculate the Mean, Median and Standard Deviation for Ounces in the Bottles.
The mean is calculated by adding the total values of the data provided and then divide it by the sum. (Bluman, 2013). When the data is analysed of the bottling company the mean is calculated to be 14.9 approximately. The data is arranged to calculate the median by identifying the middle point of the entire data set which comes out to be 14.8, in this case. The standard deviation is the square root of the variance. The standard deviation of ounces in the bottle is 0.55 to be accurate.
Construct a 95% Confidence Interval For the Ounces in the Bottles.A confidence interval is determined to measure the reliability of Continue reading...