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STA 2221 Examples on CI Stesting PART 1 PARTI MULTIPLE CHOICE. Choose the one alternative that best completes the statement o
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1)z value=   z α/2= ±1.88 [Excel formula =NORMSINV(α/2) ]
3) Level of Significance ,    α =    0.02          
'   '   '          
z value=   z α/2=   2.3263   [Excel formula =NORMSINV(α/2) ]      
                  
Standard Error , SE = σ/√n =   0.7800   / √   150   =   0.0637
margin of error, E=Z*SE =   2.3263   *   0.0637   =   0.15

4)

confidence interval is                   
Interval Lower Limit = x̅ - E =    2.86   -   0.15 =   2.7118
Interval Upper Limit = x̅ + E =    2.86   -   0.15 =   3.0082
98%   confidence interval is (   2.71   < µ <   3.01   )

5)

Level of Significance ,    α =    0.05          
'   '   '          
z value=   z α/2=   1.9600   [Excel formula =NORMSINV(α/2) ]      
                  
Standard Error , SE = σ/√n =   31.0000   / √   56   =   4.1425
margin of error, E=Z*SE =   1.9600   *   4.1425   =   8.1192
                  
confidence interval is                   
Interval Lower Limit = x̅ - E =    645.00   -   8.119247   =   636.8808
Interval Upper Limit = x̅ + E =    645.00   -   8.119247   =   653.1192
95%   confidence interval is (   636.9 < µ <   653.1 )

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