The American Sugar Production Association wants to estimate the mean yearly sugar consumption. A sample of 16 people has a mean yearly consumption of 60 pounds with a standard deviation of 20 pounds.
1) what is the best estimate of the population mean?
2)Explain why we need to usse the t distribution. What assumption do you need to make ?
3)For 90% confidence interval, what is the value of t ?
4)Develop the 90%confidence interval for the population mean?
5) would it be reasonable to conclude that the population mean is 63 pounds??