In: Statistics and Probability
Determine the mean and standard deviation of your sample.
Find the 80%, 95%, and 99% confidence intervals. Make sure to list the margin of error for the 80%, 95%, and 99% confidence interval.
Create your own confidence interval (you cannot use 80%, 95%, and 99%) and make sure to show your work.
Make sure to list the margin of error.
What trend do you see takes place to the confidence interval as the confidence level rises?
Explain mathematically why that takes place.
Provide a sentence for each confidence interval created in part c) which explains what the confidence interval means in context of topic of your project. Explain how Part I of the project has helped you understand confidence intervals better? How did this project help you understand statistics better?
Answer using data below. These are the points made in the first 50 games of a NBA basketball team.
120, 124, 113, 97, 127, 96, 100, 121, 115, 109, 114, 109, 116, 110, 132, 104, 111, 104, 101, 107, 98, 135, 105, 109, 121, 107, 118, 109, 145, 98, 136, 117, 103, 118 126 129 121 105 100 120 107 120 121 99 106 109 127 114 105 102 I need all questions answered please!