Suppose taxi fare from logan airport to downtown boston is known to be normally distributed with a standard deviation of $2.50. the last seven times john has taken a taxi from logan to downtown boston, the fares have been $22.10, $23.25, $21.35, $24.50, $21.90, $20.75, and $22.65.
what is a 95% confidence interval for the population mean taxi fare?

95% Confidence interval for taxi fare:  ($20.5,$24.2)

Step-by-step explanation:

We are given the following data set: for fares:

$22.10, $23.25, $21.35, $24.50, $21.90, $20.75, and $22.65

Formula:

95% Confidence interval:

Putting the values, we get,

21

step-by-step explanation:

step-by-step explanation:

y = | -2(-2) |     →     y = | 4 |     →     y = 4       ⇒   (-2, 4)

y = | -2(-1) |     →     y = | 2 |     →       y =   2       ⇒   (-1, 2)    

y = | -2(0) |     →     y = | 0 |     →       y = 0         ⇒   (0, 0)

y = | -2(1) |   c →     y = | -2 |     →     y =   2         ⇒   (1, 2)    

y = | -2(2) |     →     y = | - 4 |     →     y =   4         ⇒   (2, 4)