Question

In: Statistics and Probability

Suppose we know that the population standard deviation for SAT scores (σ) is 300. Provide each...

  1. Suppose we know that the population standard deviation for SAT scores (σ) is 300. Provide each of the following using this information.

  1. A random sample of n = 90 results in a sample mean of 1050. Provide a 95% confidence interval estimate of µ. What is the value for the margin of error? Interpret your results.
  2. A random sample of n = 2500 results in a sample mean of 1050. Provide a 95% confidence interval estimate of µ.
  3. A random sample of n = 90 results in a sample mean of 1050. Provide a 99% confidence interval estimate of µ.

Solutions

Expert Solution

given data are:-

population sd () = 300

a). sample size (n) = 90

sample mean () = 1050

z critical value for 95% confidence level, both sided test be:-

margin of error :-

95% confidence interval estimate of µ be:-

= (988.02 , 1111.98 )

interpretation:-

we are 95 % confident that our population mean score µ will lie within 988.02 and 1111.98

b).

sample size (n) = 2500

sample mean () = 1050

z critical value for 95% confidence level, both sided test be:-

margin of error :-

95% confidence interval estimate of µ be:-

= (1038.24 , 1061.76 )

c).

sample size (n) = 90

sample mean () = 1050

z critical value for 99% confidence level, both sided test be:-

margin of error :-

99% confidence interval estimate of µ be:-

= (968.54 , 1131.46 )

***in case of doubt, comment below. And if u liked the solution, please like.


Related Solutions

Assume we know that the population standard deviation of income in the United States (σ) is...
Assume we know that the population standard deviation of income in the United States (σ) is $6,000. A labor economist wishes to test the hypothesis that average income for the United States equals $53,000. A random sample of 2500 individuals is taken and the sample mean is found to be $53,300. Test the hypothesis at the 0.05 and 0.01 levels of significance. Provide the p-value.
Assume we know that the population standard deviation of income in the United States (σ) is...
Assume we know that the population standard deviation of income in the United States (σ) is $12,000. A labor economist wishes to test the hypothesis that average income for the United States exceeds $64,000. A random sample of 900 individuals is taken and the sample mean is found to be $65,000. Test the hypothesis at the 0.05 level of significance. What is the p-value of the test statistic?
1. SAT scores are distributed with a mean of 1,500 and a standard deviation of 300....
1. SAT scores are distributed with a mean of 1,500 and a standard deviation of 300. You are interested in estimating the average SAT score of first year students at your college. If you would like to limit the margin of error of your 95% confidence interval to 25 points, how many students should you sample Make sure to give a whole number answer. 2. You measure 26 textbooks' weights, and find they have a mean weight of 69 ounces....
1. Assume we know that the population standard deviation of income in the United States (σ)...
1. Assume we know that the population standard deviation of income in the United States (σ) is $12,000. A labor economist wishes to test the hypothesis that average income for the United States exceeds $64,000. A random sample of 900 individuals is taken and the sample mean is found to be $65,000. Test the hypothesis at the 0.05 level of significance. What is the p-value of the test statistic? 2. A bank executive believes that average bank balances for individuals...
TRUE OR FALSE QUESTIONS: 1. we usually do not know the population standard deviation (σ) so...
TRUE OR FALSE QUESTIONS: 1. we usually do not know the population standard deviation (σ) so estimate it using the sample standard deviation (s). 2. The t distribution adjusts for increased sampling variability in small samples, it is more appropriate than the z distribution and we use the sample standard deviations (s) to estimate the population standard deviations (σ). 3. If we cant assume that the population standard deviations are equal in both groups (i.e., σ1 ≠ σ2), then we...
The standard deviation of the population of airline departure delays is σ = 23 minutes. Suppose...
The standard deviation of the population of airline departure delays is σ = 23 minutes. Suppose that we choose an SRS of 152 departures. Calculate the standard deviation of their mean length in minutes. Then apply the Central Limit Theorem and the 68-95-99.7 Rule to complete the following statement: “about 95% of all samples will have its mean within ± ________ minutes of the true population mean μ.” Round your answer to 2 decimal places of accuracy.
A population has a mean of 300 and a standard deviation of 70. Suppose a sample...
A population has a mean of 300 and a standard deviation of 70. Suppose a sample of size 125 is selected and  is used to estimate . Use z-table. What is the probability that the sample mean will be within +/- 3 of the population mean (to 4 decimals)? (Round z value in intermediate calculations to 2 decimal places.) What is the probability that the sample mean will be within +/- 10 of the population mean (to 4 decimals)? (Round z...
A population has a mean of 300 and a standard deviation of 80. Suppose a sample...
A population has a mean of 300 and a standard deviation of 80. Suppose a sample of size 125 is selected and X is used to estimate M. Use z-table. What is the probability that the sample mean will be within +/- 6 of the population mean (to 4 decimals)? (Round z value in intermediate calculations to 2 decimal places.) What is the probability that the sample mean will be within +/- 15 of the population mean (to 4 decimals)?...
A population has a mean of 300 and a standard deviation of 80. Suppose a sample...
A population has a mean of 300 and a standard deviation of 80. Suppose a sample of size 125 is selected and X is used to estimate M. Use z-table. What is the probability that the sample mean will be within +/- 6 of the population mean (to 4 decimals)? (Round z value in intermediate calculations to 2 decimal places.) What is the probability that the sample mean will be within +/- 15 of the population mean (to 4 decimals)?...
A population has a mean of 300 and a standard deviation of 70. Suppose a sample...
A population has a mean of 300 and a standard deviation of 70. Suppose a sample of size 100 is selected and is used to estimate . Use z-table. What is the probability that the sample mean will be within +/- 6 of the population mean (to 4 decimals)? (Round z value in intermediate calculations to 2 decimal places.) What is the probability that the sample mean will be within +/- 18 of the population mean (to 4 decimals)? (Round...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT