In: Statistics and Probability
The proper operation of typical home appliances requires voltage levels that do not vary much. Listed below are 9 voltage levels (in volts) at a random house on 9 different days.
120.3 119.5 120 120 120 120.1 120 120 119.8
The mean of the data set is 120; the sample standard deviation is 0.22; if the normality plot is not provided you may assume that the voltages are normally distributed.
Hint: In the question, look for the keywords such as mean/average, proportion/percentage, variance/standard deviation!
Based on the confidence interval, is it reasonable to believe that the population variance is less than 0.01? Explain.
Select an answer: Yes or No , because Select an answer: the entire interval is below, the entire interval is above, a part or the entire interval is below, a part or the entire interval is above 0.01.
GIVEN MEAN OF THE DATA SET IS 120 AND STANDARD DEVIATION OF THE DATA SET IS 0.22
a) i) One variance χ² procedure.
Reason: Because we use χ² to calculate one population variance interval.
ii) Population standard deviation is unknown,Normal population and Simple random sample.
iii) σ², population variance
iv) Point estimate: s^2= 0.0484
Confidence level :
left end confidence interval value: αleft end = α/2
αleft end = 0.01/2
αleft end = 0.005
αright end = 1 - α/2
α right end = 1 - 0.01/2
α right end = 0.995
LEFT END critical χ2 value for 0.005
χ2 (0.005) = 21.9549
Value can be found on Excel using =CHIINV(0.005,8)
RIGHT end critical χ2 value for 0.995 χ2(0.995) = 1.3444
Value can be found on Excel using =CHIINV(0.995,8)
iv) MARGIN OF ERROR IS NOT APPLICABLE HERE
v) Lower bound = ((n - 1)s^2/χ^2α/2)
Lower bound = (8)*(0.0484)/21.9549)
= 0.3872/21.9549
= 0.0176
Lower bound = 0.0176
vi) Upper bound =((n - 1)s2/χ21 - α/2)
Upper bound = (8)(0.0484)/1.3444)
Upper bound= 0.3872/1.3444
Upper bound = 0.2880095209759
Upper bound= 0.2880
vii) Confidence interval is ( 0.0176 , 0.2880)
viii) We are 99% confident that the true population parameter is between 0.0176 and 0.2880
YES , because the entire interval is above 0.01