Another type of confidence interval is called a one-sided confidence interval. A one-sided confidence interval provides either
Question:
Another type of confidence interval is called a one-sided confidence interval. A one-sided confidence interval provides either a lower confidence bound or an upper confidence bound for the parameter in question. You are asked to examine one-sided confidence intervals.
Presuming that the assumptions for a one-mean t-interval are satisfied, we have the following formulas for (1 − α)-level confidence bounds for a population mean μ:
Lower confidence bound: X - 1a - s/√n
Upper confidence bound: X + ta - S/√n
Interact the preceding formulas for lower and upper confidence bounds in words.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: