How much money do winners go home with from the television quiz show Jeopardy ?

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 94% confidence the mean winning's for all the show's players.

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 94% confidence the mean winning's for all the show's players 36737 48025 34080 38933 35566 33387 39606 38013 34701 39261 45115 42584 35817 29943 42394 Upper confidence limit = Lower confidence limit -

Explanation / Answer

Sample mean will be 38277.77

Standard Deviation will be 4781.356

Margin of error = (2.0462*4781.356)/Sqrt(15) = 2526.079

94% Interval

(38277.47-2526.079, 38277.47+2526.079)

Upper Confidence Limit = 35751.39

Lower Confidence Limit = 40803.55

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