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A statistician selected a sample of 16 accounts receivable and determined the mean of the sample to ...

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A statistician selected a sample of 16 accounts receivable and determined the mean of the sample to ...

A statistician selected a sample of 16 accounts receivable and determined the mean of the sample to be 5000 with a standard deviation of 400 . He reported that the sample information indicated the mean of the population ranges from 4739.80 to 5260.20 . He neglected to report what confidence coefficient he had used. Based on the above information, determine the confidence coefficient that was used. Assume the population has a normal distribution.

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