1)Here sample standard deviation is given, ie., the population SD is unknown, then we use t confidence interval
here x bar =0.995
s =0.01
n=5
degrees of freedom = n-1 =4
alpha =0.01
Based on the provided information, the critical t-value for alpha = 0.01and df = 4 degrees of freedom is t_c = 4.604.
The 99% confidence for the population mean \muμ is computed using the following expression
CI = ( X bar - [{tc* s}/{sqrtn}] ,X + [{tc*s}/{sqrtn}]
Therefore, based on the information provided, the 99 % confidence for the population mean mu is
CI = (.995 - { 4.604*.01}/{sqrt 5} , .995 +{ 4.604* .01}/{sqrt 5}
CI=(.995−(54.604×.01) ,.995+(54.604×.01))
= (.995 - 0.021, .995 + 0.021)
=(.995−0.021,.995+0.021)= (0.974, 1.016)
=(0.974,1.016)
so upper confidence bound = 1.02
2) here s =0.01
s2 =0.0001
The critical values for alpha = 0.01 and df = 4 degrees of freedom are chiL2 = chi2{1-(alpha/2), n-1 = 0.207
and chiU2 = chi2{alpha/2}, n-1 = 14.8603
CI(Variance)=( [ { {n-1}*s2}/chiU2 ] , [ { {n-1}*s2}/chiL2 ] )
= ( (4*0.0001)/14.8603, (4*0.0001)/0.207 )
=(0.0000269, 0.0019)
right end point = 0.002
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