Writing Assignment #1 Instructions The following assignment should be typed and printed or handwritten and turned...

Writing Assignment #1 Instructions
The following assignment should be typed and printed or handwritten and turned in to the CA office in room 201 TMCB. If there is no one in the CA Office, you can slip your assignment through the slot in the door.
You must follow the instructions below or you will not receive credit. You can turn in the assignment up until 5:00 PM on the due date.
Important Notices: If you do not staple multiple pages, you may lose points. If you do not put your section number on the paper, you may lose points. As shown below, please fold your paper lengthwise and on the outside write (a) your name, (b) Stat 121, (c) your section number, and (d) the assignment number. (An example is available outside the CA Office.)
The situation is as follows:
Rent and other associated housing costs, such as utilities, are an important part of the estimated costs of attendance at college. A group of researchers at the BYU Off-Campus Housing department want to estimate the mean monthly rent that unmarried BYU students paid during Winter 2019. During March 2019, they randomly sampled 366 BYU students and found that on average, students paid $348 for rent with a standard deviation of $76. The plot of the sample data showed no extreme skewness or outliers.

Calculate a 98% confidence interval estimate for the mean monthly rent of all unmarried BYU students in Winter 2019.
STATE
What is a 98% confidence interval estimate for the mean monthly rent of all unmarried BYU students in Winter 2019?
PLAN
1. State the name of the appropriate estimation procedure. (2pts)
2. Describe the parameter of interest in the context of the problem. (2pts)
SOLVE
1. Name the conditions for the procedure. (2pts)
2. Explain how the above conditions are met. (2pts)
3. Write down the confidence level and the t* critical value. (2pts)
4. Calculate the margin of error for the interval to two decimal places. Show your work. (2pts)
5. Calculate the confidence interval to two decimal places and state it in interval form. (2pts)
CONCLUDE
Interpret your confidence interval in context. Do this by including these three parts in your conclusion (3 pts):
● Level of confidence (1pt)
● Parameter of interest in context (1 pt)
● The interval estimate (1 pt)
FURTHER ANALYSIS
1. How would selecting a 95% level of confidence change the size of the calculated confidence interval? (1pt). Explain or justify your answer by recalculating (1pt) .

2. At a 95% level of confidence, what sample size would be needed to estimate the parameter of interest to within a margin of error of ± $25? Use σ = $76. (2pts)
3. Suppose that a second random sample of unmarried BYU students was conducted during March 2019. Using this data, the confidence interval was calculated to be ($342.67, $349.35). Rounded to two decimal places, what is the margin of error for this confidence interval? Show your work. (1pt)

Expert Solution

first four questions done. Other answers can be found from the detailed solution given below.

Calculate a 98% confidence interval estimate for the mean monthly rent of all unmarried BYU students in Winter 2019.

What is a 98% confidence interval estimate for the mean monthly rent of all unmarried BYU students in Winter 2019?
98% confidence interval estimate for the mean monthly rent of all unmarried BYU students in Winter 2019 is (338.7176, 357.2824)

State the name of the appropriate estimation procedure.
Find the confidence interval using t statistics.

Describe the parameter of interest in the context of the problem
mean monthly rent of all unmarried BYU students

milcah answered 1 month ago

Writing Assignment #1 Set of Instructions for a Website Summary of the Assignment: • Task: In...

Writing Assignment #1 Set of Instructions for a Website Summary of the Assignment: • Task: In this assignment, you will write a set of instructions that explain how to accomplish a task on a website. • Length: There is no minimum or maximum word count. However, your instructions must have 6 or more steps. More information on the number of steps is provided below. • Graphics: You must include at least one graphic for each step. o at least 6...

Assignment 1 – Writing a Linux Utility Program Instructions For this programming assignment you are going...

Assignment 1 – Writing a Linux Utility Program Instructions For this programming assignment you are going to implement a simple C version of the UNIX cat program called lolcat. The cat program allows you to display the contents of one or more text files. The lolcat program will only display one file. The correct usage of your program should be to execute it on the command line with a single command line argument consisting of the name you want to...

Please provide insights on the following by entering ONLY A TYPED RESPONSE because handwritten responses are...

Please provide insights on the following by entering ONLY A TYPED RESPONSE because handwritten responses are hard to read. Thanks Economists generally believe that demand curves have a negative slope. Yet, there is some evidence that in some rare cases we might possibly see a positive relationship between the price and the quantity demanded of a specific good. Economists have outlined two different scenarios under which this might possibly happen: (i) It has been argued that this might occur in...

Please work on the assignment below: Please review the instructions INTEGRATIVE LEARNING ASSIGNMENT Writing about Statistics...

Please work on the assignment below: Please review the instructions INTEGRATIVE LEARNING ASSIGNMENT Writing about Statistics Choose one of the following Health issues (migraine cures, cancer cures, the spread of malaria, pediatric health issues, blood pressure medicines, controversial or novel techniques for curing illnesses….) Write the General summary of the article including the type of study discussed Statistics involved in the topic (be very detailed) Technical details or ne points about the topic Conclusion, including your opinions about the study...

Writing a caesar cipher in ARM assembly. INSTRUCTIONS: Step 1: The first thing you should do...

Writing a caesar cipher in ARM assembly. INSTRUCTIONS: Step 1: The first thing you should do is modify the case conversion program String.s (provided) Instead of subtracting 32 from all numbers you want to add a constant number which we will call the key. Assume that all input will be lowercase. So it'll look like this, k = 2; letter = 'a'; newletter = k+letter; Above is pseudocode and ABOVE NOT ASSEMBLY CODE DO NOT COPY. Use bl puts to...

n a minimum of 1 -2 TYPED pages please(handwritten is too hard to understand) using text...

n a minimum of 1 -2 TYPED pages please(handwritten is too hard to understand) using text as well as including examples of how to apply numerical examples of each please answer: The elasticity concepts, price, income, and cross price can all be applied to everyday purchasing of goods and services. Give specific examples of how each applies to your own purchasing of goods and services. Be sure to include examples of how to apply numerical measures of each.

Assignment Instructions Module 4 Writing Assignment (M1-4) You will soon find yourself fulfilling roles in organizations...

Assignment Instructions Module 4 Writing Assignment (M1-4) You will soon find yourself fulfilling roles in organizations where the ability to think ethically about issues will make you much more valuable to employers. In this activity you will refer to the materials in your text and lectures to respond to the questions. Part A The questions in Part A refer to the material discussed in Module 1 of this course. Respond to the following. Discuss reasons why ethics are an important...

Instructions 1- You should use a Microsoft Office Word to accomplish this assignment. SABIC Corporation December...

Instructions 1- You should use a Microsoft Office Word to accomplish this assignment. SABIC Corporation December 01, 2017 Account Titles Cash $18,000 Supplies 3,000 Prepaid Insurance 600 Building 7,000 Account Payable 8,600 Notes Payable 1,200 Unearned Service Revenue 2,500 Common Stock 10,000 Dividends 500 Service Revenue 12,000 Salaries Expense 4,000 Rent Expense 1,200 Assumes the following adjustments data 1. Supplies on hand at December. 31 total $1000. 2. Expired insurance for the month is $100. 3. Depreciation for the month...

In this writing assignment, you will argue whether a bank should have the legal right to...

In this writing assignment, you will argue whether a bank should have the legal right to assign a mortgage to a third party. Deliverables: A 150-word (2-3 paragraph) paper Step 1: Write a persuasive statement. Write a short persuasive statement either supporting or opposing a bank's right to assign a mortgage to a third party (for example, a third-party financial institution).

Reflection Paper Instructions Complete the following by writing a response to three of the four following...

Reflection Paper Instructions Complete the following by writing a response to three of the four following questions. For each question, your response should be 2 or more paragraphs. Make it clear which question you are answering and use correct grammar throughout. If you answer all four questions, only the first three provided will be graded. 1. Describe how you could use hypothesis testing to help make a decision in your current job, a past job, or a life situation. Include...

Question