Question

In: Math

You are still trying to estimate the girth of Kerrville toads. You collect 100 toads from...

You are still trying to estimate the girth of Kerrville toads. You collect 100 toads from many different ponds, rivers, witches cauldrons, etc around Kerrville. This is in the data set data("toad_girth") in my package. Using this data set find a 95% confidence interval for the population standard deviation of the toad girths:

Solutions

Expert Solution

Assumed values standard deviation values for the above data.
collect 100 toads from many different ponds, rivers, witches cauldrons, etc around Kerrville.
estimate the girth of Kerrville toads,95% confidence interval for the population standard deviation of the toad girths

CONFIDENCE INTERVAL FOR STANDARD DEVIATION
ci = (n-1) s^2 / ᴪ^2 right < σ^2 < (n-1) s^2 / ᴪ^2 left
where,
s = standard deviation
ᴪ^2 right = (1 - confidence level)/2
ᴪ^2 left = 1 - ᴪ^2 right
n = sample size
since alpha =0.05
ᴪ^2 right = (1 - confidence level)/2 = (1 - 0.95)/2 = 0.05/2 = 0.025
ᴪ^2 left = 1 - ᴪ^2 right = 1 - 0.025 = 0.975
the two critical values ᴪ^2 left, ᴪ^2 right at 99 df are 128.422 , 73.361
s.d( s )=0.2771
sample size(n)=100
confidence interval for σ^2= [ 99 * 0.077/128.422 < σ^2 < 99 * 0.077/73.361 ]
= [ 7.602/128.422 < σ^2 < 7.602/73.361 ]
[ 0.059 < σ^2 < 0.104 ]
and confidence interval for σ = sqrt(lower) < σ < sqrt(upper)
= [ sqrt (0.059) < σ < sqrt(0.104), ]
= [ 0.243 < σ < 0.322 ]


Related Solutions

Suppose you collect data on people’s height from a sample of 100 people. The average height...
Suppose you collect data on people’s height from a sample of 100 people. The average height in the sample is 66, and the standard deviation of the sample meanis 3 inches. Calculate the 95% confidence interval for the average height in the population At the 12% significance level, test the hypothesis that the average height in the population is 69 inches. Use the four steps we discussed in class. Calculate the p-value for the hypothesis that the average height in...
If you collect a sample of size 100 with a sample mean of 50 and a...
If you collect a sample of size 100 with a sample mean of 50 and a standard error of the mean of 6 and test the hypothesis that the true mean is equal to 38 using a two tailed test with a significance level of 5% would you reject the hypothesis? Click True to reject or False to fail to reject. True False
Trying to collect money from someone can be a difficult task. Discuss some procedures and options...
Trying to collect money from someone can be a difficult task. Discuss some procedures and options available for collecting delinquent accounts? Which one do you think would work best for you? Why?
You are trying to estimate the share price for A&T Inc. You know that A&T will...
You are trying to estimate the share price for A&T Inc. You know that A&T will have EBITDA of $50million at the end of the year. In addition, you know that A&T Inc. has $10 million in outstanding debt, no excess cash, and 60 million outstanding shares. You have collected the following information on publicly traded comparable firms (see table below). Using the average Enterprise Value to EBITDA ratio of comparable firms, what is the best estimate of A&T's share...
I need this code translated from C++ to Java. Im personally still trying to learn Java,...
I need this code translated from C++ to Java. Im personally still trying to learn Java, so if you can include screenshots of your IDE/output that would be helpful. Much appreciated! #include <iostream> #include <string> using namespace std; class pizza { public:    string ingrediants, address;    pizza *next;    pizza(string ingrediants, string address)    {        this->address = address;        this->ingrediants = ingrediants;        next = NULL;    } }; void enqueue(pizza **head, pizza **tail, pizza...
Suppose you are trying to estimate the population mean for the number of Denver people that...
Suppose you are trying to estimate the population mean for the number of Denver people that will vote in the next election. You know there are 800,000 voters in Denver. You have sampled 41,000 Denver citizens and have calculated a sample mean of 150,000 likely voters in the next election. You believe the population standard deviation to be 80,000 voters. Please calculate a confidence interval for your sample mean, assuming you wish to be 95% confident.  
You are trying to estimate the fundamental growth in earnings for Janus Enterprises for the next...
You are trying to estimate the fundamental growth in earnings for Janus Enterprises for the next 5 years and have obtained the following information: In the most recent year, Janus reported operating income of $100 million on book capital invested (at the beginning of the period) of $800 million. The firm faced a tax rate of 40% during the period. The firm also reported capital expenditures of $140 million and depreciation of $ 100 million in the most recent year....
Suppose you are trying to estimate the after tax cost of debt for a firm as...
Suppose you are trying to estimate the after tax cost of debt for a firm as part of the calculation of the Weighted Average Cost of Capital (WACC). The corporate tax rate for this firm is 39%. The firm's bonds pay interest semiannually with a 4.8% coupon rate and have a maturity of 7 years. If the current price of the bonds is $1,143.55, what is the after tax cost of debt for this firm? (Answer to the nearest tenth...
Suppose you are trying to estimate the after tax cost of debt for a firm as...
Suppose you are trying to estimate the after tax cost of debt for a firm as part of the calculation of the Weighted Average Cost of Capital (WACC). The corporate tax rate for this firm is 35%. The firm's bonds pay interest semiannually with a 7.1% coupon rate and have a maturity of 13 years. If the current price of the bonds is $934.64, what is the after tax cost of debt for this firm? (Answer to the nearest tenth...
I am planning to collect data from 100 people on which cereal and flavour they like...
I am planning to collect data from 100 people on which cereal and flavour they like the most and whether they would spend their income on a regular basis to buy it. What is the Independant Variable and dependant variable? Remember that your independent variables should not be part of your dependent variable by construction The project should involve applying the regression analysis.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT