Step 1 :Given the weights of 20 slipper lobsters, we are asked to find the point estimate, sample standard deviation, margin of error, and a 95% confidence interval for the average weight of a slipper lobster on the Treasure Coast.
Step 2 :The weights of the lobsters are: 2.1, 5.1, 4.5, 5.4, 3.7, 2.3, 3.1, 5.3, 3.4, 4.5, 5.2, 5.6, 2.4, 4.5, 4.3, 4.7, 4.7, 2.4, 2.4, 4.4.
Step 3 :The point estimate, denoted as \(\bar{x}\), is the sample mean. We calculate this by adding up all the weights and dividing by the number of lobsters. The point estimate is approximately 4.0000.
Step 4 :The sample standard deviation, denoted as \(s\), is a measure of the amount of variation or dispersion of the weights. The sample standard deviation is approximately 1.1761.
Step 5 :The margin of error, denoted as \(E\), is calculated using the z-score for a 95% confidence level, the standard deviation, and the square root of the sample size. The margin of error is approximately 0.52.
Step 6 :The 95% confidence interval is calculated by subtracting and adding the margin of error from the point estimate. The 95% confidence interval for the average weight of a slipper lobster on the Treasure Coast is approximately (3.48, 4.52).
Step 7 :So, the point estimate, \(\bar{x}\), is approximately 4.0000. The sample standard deviation, \(s\), is approximately 1.1761. The margin of error, \(E\), is approximately 0.52. The 95% confidence interval for the average weight of a slipper lobster on the Treasure Coast is approximately (3.48, 4.52).