Question

In: Statistics and Probability

Find the confidence level associated to the confidence interval extending from 3.64 to 54.25 for the...

Find the confidence level associated to the confidence interval extending from 3.64 to 54.25 for the population variance of a Normally distributed random variable X if a sample of 8 observations has a standard deviation of 3.1. Answer?

Solutions

Expert Solution

given data are:-

sample sd (s) = 3.1

sample size (n) = 8

let, we are using c % confidence level, and = (1-c).

the chi square critical value for , df= 7, both tailed test be:-

the c% confidence interval for population variance is:-

according to the problem:-

[ in any blank cell of excel type =CHISQ.DIST(18.480769,7,TRUE)]

the confidence level (c) is = (1-) = (1-0.02) = 0.98 = 98%

the confidence level associated to the confidence interval is = 98%

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