Lower Limit = 23
Upper limit = 30
Sample mean = (30-23)/2 = 3.5
In this case, tSM = 3.5
Compared with the center of the 95% confidence interval, the center of the 85% confidence interval is same.
Compared to the 95% confidence interval, the 85% confidence interval is narrower.
At the same confidence level, increasing in the sample size would have a similar effect on the width of the confidence interval as changing the confidence level from 95% to 85%.
10. Properties of a confidence interval Suppose the mean of a population is 22. A researcher...
7. A researcher collected data from a normally distributed population with o-28 and an unknown population mean. The researcher used a sample the size of n=49 and got a mean of M=65. Construct a 95% confidence interval based on the researcher's data. What can you conclude about the population's mean based on this interval?
Based on a sample of data, a researcher forms a confidence interval for the population mean mu that extends from 2.5 to 7.3 at the 95% confidence level. She then wishes to test Ho: mu = 3 against Ha: mu3 at the .05 level of significance. What can she conclude based on this confidence interval? confidence must be at the 90% level O retain Ho O the data must be false O reject Ho
Construct a 90% confidence interval for the population average home sale price in Whatcom county. (b) What does the confidence interval mean? (c) How is the confidence interval related to the Central Limit Theorem? (d) What is the difference between a hypothesis test and a confidence interval? House Price 1 819500 2 499950 3 569000 4 220000 5 110000 6 499999 7 389900 8 399000 9 650000 10 459000 11 975000 12 749000 13 848000 14 529000 15 325000 16...
Q12. a) Suppose the given confidence interval estimates the true population mean as 3.5 < u < 13.1 with a 95% level of confidence when o is known. (1) Find the point estimates for the unknown population mean. (ii) Find the margin of error. (iii) Give the interpretation of the confidence interval. (iv) Name two ways of decreasing the width of the confidence interval. b) State the assumptions necessary for linear regression model Y = A + Bx + E...
We use the t distribution to construct a confidence interval for the population mean when the underlying population standard deviation is not known. Under the assumption that the population is normally distributed, find ta/2,df for the following scenarios. (You may find it useful to reference the table. Round your answers to 3 decimal places.) ta/2,df a. A 95% confidence level and a sample of 14 observations. b. A 99% confidence level and a sample of 14 observations. A 95% confidence...
Confidence Interval about a Population Mean 2) Consider the same information as in Example 2 on page 320, section 7.2, but use the following summary values instead: the sample size to be n = 15, the sample mean i = 30.2, and the sample standard deviation s = 2.40. The given summary statistics resulted from the raw data: 31, 29, 31, 26, 31, 32, 35, 28, 30, 27, 29, 29, 30, 32, and 34. Write your solution just like in...
We use the t distribution to construct a confidence interval for the population mean when the underlying population standard deviation is not known. Under the assumption that the population is normally distributed, find tα/2,df for the following scenarios. (You may find it useful to reference the t table. Round your answers to 3 decimal places.) a. A 90% confidence level and a sample of 13 observations. b. A 95% confidence level and a sample of 13 observations. c. A 90%...
We use the t distribution to construct a confidence interval for the population mean when the underlying population standard deviation is not known. Under the assumption that the population is normally distributed, find t??2,df for the following scenarios. Use Table 2. (Round your answers to 3 decimal places.) t?/2,df a. A 90% confidence level and a sample of 21 observations. b. A 95% confidence level and a sample of 21 observations. c. A 90% confidence level and a...
We use the t distribution to construct a confidence interval for the population mean when the underlying population standard deviation is not known. Under the assumption that the population is normally distributed, find ta/2, df for the following scenarios. (You may find It useful to reference the t table. Round your answers to 3 decimal places.) ta/2,df a. A 95 confidence level and a sample of 23 obeervations. b. A 99% confidence level and a sample of 23 observations. e....
A sample of 10 observations from a normally distributed population produced the following data: 22 20 28 34 26 21 26 30 25 31 Construct a 95% confidence interval for the population mean. 23.05 to 29.55 25.66 to 30.94 24.10 to 30.50 23.48 to 29.12