Question

In: Statistics and Probability

Find the level of confidence assigned to an interval estimate of the mean formed using the...

Find the level of confidence assigned to an interval estimate of the mean formed using the following intervals. (Round your answers to four decimal places.)

(a) x − 0.93·σx to x + 0.93·σx


(b) x − 1.67·σx to x + 1.67·σx


(c) x − 2.17·σx to x + 2.17·σx


(d) x − 2.68·σx to x + 2.68·σx

Solutions

Expert Solution

Here, = 0.3524 hence, level of confidence= (1-)*100%

level of confidence= (1-0.3524)*100%

level of confidence=64.76%

Here, = 0.0944 hence, level of confidence= (1-)*100%

level of confidence=(1-0.0944)*100%

level of confidence=90.56%

Here, = 0.03 hence, level of confidence= (1-)*100%

level of confidence=(1-0.03)*100%

level of confidence= 97%

Here, =0.0074 hence, level of confidence=(1-)*100%

level of confidence=(1-0.0074)*100%

level of confidence= 99.26%


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