Question

In: Statistics and Probability

The method of tree ring dating gave the following years A.D. for an archaeological excavation site....

The method of tree ring dating gave the following years A.D. for an archaeological excavation site. Assume that the population of x values has an approximately normal distribution.

1194 1306 1264 1180 1268 1316 1275 1317 1275

(a) Find a 90% confidence interval for the mean of all tree ring dates from this archaeological site. (Round your answers to the nearest whole number.)

lower limit       A.D.
upper limit       A.D.

How much does a sleeping bag cost? Let's say you want a sleeping bag that should keep you warm in temperatures from 20°F to 45°F. A random sample of prices ($) for sleeping bags in this temperature range is given below. Assume that the population of x values has an approximately normal distribution.

80 35 55 75 50 90 30 23 100 110
105 95 105 60 110 120 95 90 60 70

(b) Using the given data as representative of the population of prices of all summer sleeping bags, find a 90% confidence interval for the mean price μ of all summer sleeping bags. (Round your answers to two decimal places.)

lower limit     $  
upper limit     $  

How much do wild mountain lions weigh? Adult wild mountain lions (18 months or older) captured and released for the first time in the San Andres Mountains gave the following weights (pounds):

69 110 128 130 60 64

(c) Find a 75% confidence interval for the population average weight μ of all adult mountain lions in the specified region. (Round your answers to one decimal place.)

lower limit     lb
upper limit     lb

Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution.

100 178 134 94 75 94 116 100 85

(d) Find a 90% confidence interval for the population average startup costs μ for candy store franchises. (Round your answers to one decimal place.)

lower limit       thousand dollars
upper limit       thousand dollars

Solutions

Expert Solution

a)

sample std dev ,    s = √(Σ(X- x̅ )²/(n-1) ) =   49.3088
Sample Size ,   n =    9
Sample Mean,    x̅ = ΣX/n =    1266.1111

Level of Significance ,    α =    0.1          
degree of freedom=   DF=n-1=   8          
't value='   tα/2=   1.8595   [Excel formula =t.inv(α/2,df) ]      
                  
Standard Error , SE = s/√n =   49.309   / √   9   =   16.4363
margin of error , E=t*SE =   1.8595   *   16.436   =   30.564
                  
confidence interval is                   
Interval Lower Limit = x̅ - E =    1266.11   -   30.564   =   1235.5471
Interval Upper Limit = x̅ + E =    1266.11   -   30.564   =   1296.6752

lower limit     1236 A.D.
upper limit     1297 A.D.

==================================

b)

sample std dev ,    s = √(Σ(X- x̅ )²/(n-1) ) =   28.8698
Sample Size ,   n =    20
Sample Mean,    x̅ = ΣX/n =    77.9000

Level of Significance ,    α =    0.1          
degree of freedom=   DF=n-1=   19          
't value='   tα/2=   1.7291   [Excel formula =t.inv(α/2,df) ]      
                  
Standard Error , SE = s/√n =   28.870   / √   20   =   6.4555
margin of error , E=t*SE =   1.7291   *   6.455   =   11.162
                  
confidence interval is                   
Interval Lower Limit = x̅ - E =    77.90   -   11.162   =   66.74
Interval Upper Limit = x̅ + E =    77.90   -   11.162   =   89.06

=============================

c)

sample std dev ,    s = √(Σ(X- x̅ )²/(n-1) ) =   32.8253
Sample Size ,   n =    6
Sample Mean,    x̅ = ΣX/n =    93.5000

Level of Significance ,    α =    0.25          
degree of freedom=   DF=n-1=   5          
't value='   tα/2=   1.3009   [Excel formula =t.inv(α/2,df) ]      
                  
Standard Error , SE = s/√n =   32.825   / √   6   =   13.4009
margin of error , E=t*SE =   1.3009   *   13.401   =   17.434
                  
confidence interval is                   
Interval Lower Limit = x̅ - E =    93.50   -   17.434   =   76.1
Interval Upper Limit = x̅ + E =    93.50   -   17.434   =   110.9

d)

sample std dev ,    s = √(Σ(X- x̅ )²/(n-1) ) =   31.1774
Sample Size ,   n =    9
Sample Mean,    x̅ = ΣX/n =    108.4444

Level of Significance ,    α =    0.1          
degree of freedom=   DF=n-1=   8          
't value='   tα/2=   1.8595   [Excel formula =t.inv(α/2,df) ]      
                  
Standard Error , SE = s/√n =   31.177   / √   9   =   10.3925
margin of error , E=t*SE =   1.8595   *   10.392   =   19.325
                  
confidence interval is                   
Interval Lower Limit = x̅ - E =    108.44   -   19.325   =   89.1
Interval Upper Limit = x̅ + E =    108.44   -   19.325   =   127.8


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