In: Math
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A random sample of 15 items is drawn from a population whose standard deviation is unknown. The sample mean is x⎯⎯x¯ = 760 and the sample standard deviation is s = 20. Use Appendix D to find the values of Student’s t. |
| (a) |
Construct an interval estimate of μ with 99% confidence. (Round your answers to 3 decimal places.) |
| The 99% confidence interval is from to |
| (b) |
Construct an interval estimate of μ with 99% confidence, assuming that s = 40. (Round your answers to 3 decimal places.) |
| The 99% confidence interval is from to |
| (c) |
Construct an interval estimate of μ with 99% confidence, assuming that s = 80. (Round your answers to 3 decimal places.) |
| The 99% confidence interval is from to |
| (d) |
Describe how the confidence interval changes as s increases. |
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z score for 99% confidence interval is 2.576 (using z distribution table for two tailed test)
(A) The formula for the confidence interval is given as
CI =
where we have
and z = 2.576
setting the given values, we get
CI =
Confidence interval length = upper level - lower limit = 773.302-746.698 = 26.604
(B)
The formula for the confidence interval is given as
CI =
where we have
and z = 2.576
setting the given values, we get
CI =
Confidence interval length = upper level - lower limit = 786.605-733.395 = 53.21
(C)
The formula for the confidence interval is given as
CI =
where we have
and z = 2.576
setting the given values, we get
CI =
Confidence interval length = upper level - lower limit = 813.210-706.79 = 106.42
(d) It is clear that the confidence interval length is increasing with increase in s value, so we can say that as we increase s value, the confidence interval gets wider.
option B is correct answer