Question: Consider the Izod impact test described in Exercise 8-23. Compute a 99% tolerance interval on the impact strength of PVC pipe that has confidence level

Consider the Izod impact test described in Exercise 8-23. Compute a 99% tolerance interval on the impact strength of PVC pipe that has confidence level 90%. Compare the length of the tolerance interval with the length of the 99% CI on the population mean. Which interval is shorter? Discuss the difference in interpretation of these two intervals.

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